IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH THURSDAY, THE 23RD OCTOBER 2008 / 1ST KARTHIKA 1930 WP(C).No. 31031 of 2008(T) --------------------------------------------- PETITIONER(S): --------------------- 1. KURIAN K.MATHEW, KALAYIL HOUSE PARIYARAM PO.,PUTHUPPALLY, KOTTAYAM. 2. VARGHESE MATHEW.K., KALAYIL HOUSE, PARIYARAM PO., PUTHUPPALLY, KOTTAYAM. BY ADV. SRI.M.P.MADHAVANKUTTY RESPONDENT(S): ------------------------- 1. KOTTAYAM DIST.CO.OP.BANK, KOTTAYAM, REP. BY ITS SECRETARY. 2. AUTHORISED OFFICER (SPL.SALE OFFICER), KOTTAYAM DISTRICT CO.OP.BANK,KOTTAYAM. BY SHRI T.A. SHAJI, SC. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 23/10/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K. M. JOSEPH, J. -------------------------------------- W.P.C. NO. 31031 OF 2008 T -------------------------------------- Dated this the 23rd October, 2008 JUDGMENT This is the second time the petitioners approaching this Court seeking indulgence of this Court in the matter of clearing loan arrears. I heard the learned counsel appearing for the petitioners and also the learned counsel appearing on behalf of the respondent Bank. Shri M.P. Madhavankutty, learned counsel for the petitioners submits that the petitioners will deposit Rs.2 Lakhs prior to the time of sale mentioned in Exts.P1 and P2, and that they seek adjournment of the sale by six weeks, and that they will clear the entire amount remaining to be paid. 2. The Writ Petition is disposed of recording the submission of the learned counsel for the petitioners and directing that if the petitioners deposit Rs.2 Lakhs (Rupees Two Lakhs) before the time of sale mentioned in Exts.P1 and P2, the sale pursuant to Exts.P1 and P2 will be adjourned by six weeks. WPC.31031/08 T 2 This is to enable the petitioners to clear the entire amount remaining to be paid within that period. If either the petitioners do not pay Rs.2 Lakhs (Rupees Two Lakhs) or clear the entire amount remaining to be paid as aforesaid, they will lose the benefit of this Judgment and the recovery proceedings can go on in accordance with law. Sd/= K. M. JOSEPH, JUDGE kbk. // True Copy // PS to Judge