IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN FRIDAY, THE 4TH JUNE 2010 / 14TH JYAISTHA 1932 WP(C).No. 15376 of 2010(V) ----------------------------------------- PETITIONER(S): ------------------------- KUNJAMMU, S/O. ALI, 50 YEARS, PERUMKULAM HOUSE, ANANGANADI AMSOM, AMBALAVATTOM DESOM, OTTAPALAM TALUK. BY ADVS. SRI.R.VENUGOPAL, SRI.R.SREEHARI. RESPONDENT(S): --------------------------- 1. OTTAPALAM CO-OP URBAN BANK LTD., NO.F 1647 REPRESENTED BY ITS GENERAL MANAGER, P.B.NO.14, OTTAPALAM - 679 101. 2. SPECIAL SALE OFFICER FOR OTTAPALAM CO-OP URBAN BANK LTD., OFFICE OF THE ASST. REGISTRAR OF CO-OP SOCIETIES (G)., OTTAPALAM. R1 BY ADV. SRI.VINOD MADHAVAN, SC R2 BY SR. GOVERNMENT PLEADER SRI. K.C. SANTHOSH KUMAR THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 04/06/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss K.SURENDRA MOHAN, J. ------------------------------------------- W.P.(C) No.15376 of 2010 ------------------------------------------- Dated this the 4th of June, 2010 JUDGMENT The petitioner had availed a housing loan of Rs.1 lakh from the Ananganadi Branch of the first respondent on 13.8.2007. However, repayment of the loan was defaulted by the petitioner. Therefore, the bank initiated steps for the recovery of the amounts due and an award has been passed against the petitioner. In the meantime, the petitioner paid an amount of Rs.15,000/-. The balance amount is remaining due and payable by him. 2. The petitioner submits that he is ready to repay the entire amount due in 10 equal monthly instalments. The counsel for the first respondent submits that the bank is willing to extend the said facility to the petitioner. 3. In the above circumstances, this Writ Petition is disposed of directing the petitioner to pay the entire amount due to the first respondent bank in 10 equal monthly instalments commencing from 15.6.2010. The subsequent instalments shall be paid on the 15th of each wpc No.15376/2010 2 succeeding month thereafter. In the event of the petitioner committing default of two consecutive monthly instalments, the bank would be free to proceed to recover the amounts due in accordance with law. This Writ Petition is disposed of as above. No costs. K.SURENDRA MOHAN, JUDGE css/