IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON MONDAY, THE 29TH MARCH 2010 / 8TH CHAITHRA 1932 WP(C).No. 8628 of 2010(C) ------------------------- PETITIONER: --------------- SASEENDRA BABU,S/O.KUTTAPPAN,AGED 52 YRS SREYAS,MANALIL NAGAR 58,KAVANADU,KOLLAM WEST. BY ADV. SRI.R.SATISH KUMAR RESPONDENTS: --------------- 1. THE MANAGING DIRECTOR,KERALA STATE FINANCIAL CORPORATION ENTERPRISES,THRISSUR. 2. THE SPECIAL DEPUTY TAHSILDAR(RR), K.S.F.E,LTD.,KOLLAM. 3. KERALA STATE FINANCIAL ENTERPRISES LTD., EVENING BRANCH,CHINNAKKADA,KOLLAM. 4. KERALA STATE FINANCIAL ENTERPRISES LTD., ANANDAVALLEESWARA BRANCH,KOLLAM. ADV. SRI.K.S.HARIHARAPUTHRAN,SC,K.S.F.E. LTD FOR R1-2&4 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 29/03/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R.RAMACHANDRA MENON, J --------------------------- W.P(C) No.8628 of 2010-C ---------------------------- Dated this the 29th day of March, 2010. J U D G M E N T The petitioner was a subscriber to chitty No.24/05 and 93/04 of the third respondent. Admittedly, the payment was not effected on time, under which circumstances, the respondents proceeded with revenue recovery proceedings, which are under challenge in this Writ Petition. 2. It is contended that large amounts are due to the petitioner in respect of the some chits which were prized in favour of the petitioner and the amounts due thereunder are liable to be set off. The course suggested from the part petitioner is vehemently opposed from the part of the respondents for the reasons specifically stated in para 2 and 3 of the statement dated 25.3.2010 filed before this Court, with reference to the actual facts and figures. 3. The learned counsel for the petitioner submits that the petitioner is ready and willing to clear the entire liability as on date, which is stated as around Rs.5.25 lakhs with interest and cost and W.P(C) No.8628 of 2010-C 2 that the only prayer now pressed before this Court is to have the benefit of some instalments. 4. After hearing both the sides and since the petitioner submits that the challenge raised is not intended to be pressed any further, the petitioner is permitted to clear the entire outstanding liability in 'six' equal monthly instalments; the first of which shall be effected on or before the 15th of April 2010; to be followed by similar instalments to be effected on or before the 15th of the succeeding months. Subject to this, all further coercive steps being pursued against the petitioner shall be kept in abeyance. It is made clear that, if any default is committed in satisfying the due amount as above, it will open to the respondents, to proceed with appropriate steps in accordance with law for realisation of the entire amount in a lump sum. The Writ Petition is disposed of. Sd/- P.R.RAMACHANDRA MENON JUDGE //True Copy// P.A to Judge ab W.P(C) No.8628 of 2010-C 3