IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN MONDAY, THE 25TH FEBRUARY 2008 / 6TH PHALGUNA 1929 WP(C).No. 5709 of 2008(D) ------------------------- PETITIONER: ------------------ V.R.RAMACHANDRAN NAIR, AGED 68 YEARS, VALANILA HOUSE, KATTAMPAK P.O., NEZHOOR, KOTTAYAM. BY ADV. SRI.A.K.HARIDAS RESPONDENTS: ----------------------- 1. KERALA STATE CO-OPERATIVE BANK, TRIVANDRUM, REPRESENTED BY ITS MANAGING DIRECTOR, KERALA STATE CO-OPERATIVE BANK, TRIVANDRUM-793 033. 2. KADUTHURUTHY URBAN, CO-OPERATIVE BANK LTD.NO.399, KADUTHURUTHY-686 604, REP. BY ITS SECRETARY. 3. THE AUTHORISED OFFICER, KADUTHURUTHY URBAN CO-OPERATIVE BANK LIMITED, KADUTHURUTHY-686 604, KOTTAYAM DISTRICT. 4. THE REGISTRAR (CO-OPERATIVE), CO-OPERATIVE REGISTRAR OFFICE, THIRUVANANTHAPURAM. BY ADV. SRI.NAGARAJ NARAYANAN,SC,K.S.CO-OP BANK R4 BY SR.G.P SMT.ANU SIVARAMAN. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 25/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Thottathil B. Radhakrishnan, J. ================================== W.P.(C)No.5709 of 2008 ================================== Dated this the 25th day of February, 2008. JUDGMENT Adv.Sri.Nagaraj Narayanan appears for the first respondent. Learned senior Government Pleader appears for the fourth respondent. Having regard to the nature of the directions being issued hereunder, notices to respondents 2 and 3 are dispensed with, preserving their liberty to move for review of this judgment, if aggrieved. 2. Petitioner availed a loan. He did not repay that. When action was taken under the SARFAESI Act, he moved this Court. Ext.P5 judgment was issued giving him three months' time to settle the transaction. The Bank took certain decisions regarding one time settlement. He did not honour that. Now he WPC5709/2008 -:2:- states that he is entitled to the benefit of Ext.P8, Circular No.3 of 2008 dated 15-1-2008 issued by the Registrar of Co-operative Societies. The Government having now come forward with such a scheme in the Co-operative sector, the period of which is till February, 2008, it is directed that respondents 1 and 2 will do the needful if that scheme applies and settle the transaction of the petitioner appropriately. Writ petition is disposed of in the above terms. Issue certified copy today. Thottathil B.Radhakrishnan, sl. Judge.