IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON MONDAY, THE 15TH FEBRUARY 2010 / 26TH MAGHA 1931 WP(C).No. 1055 of 2010(F) ------------------------------------- PETITIONER : ------------------ SHONY, S/O.ANTONY, PULIKKAL HOUSE, KURIACHIRA.P.O, TRICHUR. BY ADV. MR.SHEJI P.ABRAHAM RESPONDENTS : ---------------------- 1. MANAGER, BANK OF INDIA, MAVOOR ROAD BRANCH, CALICUT. 2. DEPUTY THAHASILDAR (R.R), TRICHUR. R1 BY ADVS. MR.DEVAN RAMACHANDRAN, STANDING COUNCIL MR.K.M.ANEESH MR.SANTHOSH KUMAR K. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 15/02/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: JVT P.R.RAMACHANDRA MENON, J --------------------------- W.P(C) No. 1055 of 2010-F ---------------------------- Dated this the 15th day of February, 2010. J U D G M E N T The petitioner is aggrieved of the recovery steps being pursued at the instance of the respondent Bank invoking the machinery under the Revenue Recovery Act. When the matter came up for consideration before this Court on 13.1.2010, coercive steps were intercepted on condition that the petitioner deposited Rs.25,000/- within one week. The learned counsel for the petitioner submits that the said amount has already satisfied. In the statement dated 22.1.2010 filed from the part of the respondent bank, it is stated that a sum of Rs.1,62,530/- was outstanding from the petitioner as on 31.12.2009. The learned counsel for the petitioner submits that in similar circumstances, particularly taking note of the nature of the loan, this Court has provided reasonable instalments, enabling the persons like the petitioner to clear the entire liability and that the petitioner is also ready and willing to clear the same in a similar manner. 2. After hearing both sides, the petitioner is directed to W.P(C) No. 1055 of 2010-F 2 satisfy the entire liability due to the respondent bank by way of ‘eight’ equal monthly instalments; the first of which shall be effected on or before the 27th of this month, to be followed by similar instalments to be effected on or before the last working day of the succeeding months. Subject to the above, all further recovery proceedings being pursued against the petitioner shall be kept in abeyance. It is made clear that, if any default is committed by the petitioner in satisfying the due amount as above, it will open to the bank, to proceed with appropriate steps for realization of the entire due amount in a lump sum. The Writ Petition is disposed of accordingly. P.R.RAMACHANDRA MENON JUDGE ab