IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE V.GIRI WEDNESDAY, THE 19TH AUGUST 2009 / 28TH SRAVANA 1931 WP(C).No. 23104 of 2009(G) ----------------------------------------- PETITIONER(S): ------------------------- JOSE THOMAS, AGED 55, S/O.T.J.THOMAS, M/S.J.J.EXPORTS, THEKKEKKARA HOUSE, VATTAPPALLY, CHANGANACHERRY. BY ADV. MR.PRAVEEN K. JOY RESPONDENT(S): --------------------------- 1. STATE OF KERALA,REP.BY SECRETARY (MINISTRY OF REVENUE)SECRETARIAT, TRIVANDRUM. 2. THE MANAGING DIRECTOR, KERALA FINANCIAL CORPORATION, TRIVANDRUM. 3. THE KERALA FINANCIAL CORPORATION, KOTTAYAM BRANCH, KOTTAYAM, REP.BY CHIEF MANAGER. R1 BY GOVERNMENT PLEADER MR. P.NARAYANAN R2 & R3 BY ADV. MR.K.JAJU BABU,SC,KERALA FINANCIAL CORPN. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 19/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss V.GIRI, J ------------------- W.P.(C).23104/2009 -------------------- Dated this the 19th day of August, 2009 JUDGMENT Petitioner availed a loan from the Kerala Financial Corporation, but defaulted repayment of the same. When steps were taken by the Corporation to recover the amount from the petitioner, he sought for settlement of the loan account under the One Time Settlement Scheme. 2. Mr.Jaju Babu, learned counsel for the Corporation, submits that the balance amount due from the petitioner under the OTS Scheme shall be intimated within a week and if the petitioner is willing to pay the amount, account shall be closed. If the petitioner pays the OTS amount with the defaulted interest, then, same shall be accepted by the Corporation and the loan account shall be closed. Once the amounts are paid, the documents of title deposited shall be released to the petitioner. writ petition is disposed of as above. V.GIRI, Judge mrcs