IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON FRIDAY, THE 20TH AUGUST 2010 / 29TH SRAVANA 1932 WP(C).No. 26788 of 2010(W) -------------------------- PETITIONER: --------------- SASI T.K., S/O KUNJAN PANICKER, PUTHUPARAMBIL HOUSE, THRICKODITHANAM, CHANGANASSERY BY ADV. MR. S.RAJEEV RESPONDENTS: ---------------------- 1. KERALA STATE HOUSING BOARD, THIRUVANANTHAPURAM REP. BY SECRETARY THIRUVANANTHAPURAM 2. THE BRANCH MANAGER, KERALA STATE HOUSING BOARD, CHANGANASSERYY BRANCH, CHANGANASSERY 3. CHIEF REVENUE OFFICER, KERALA STATE HOUSING BOARD THIRUVANANTHAPURAM 4. DISTRICT COLLECTOR, COLLECTORATE, KOTTAYAM. R1 AND R2 BY MR. ADV. A. JAYASANKAR, STANDING COUSEL THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20/08/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON J. ~~~~~~~~~~~~~~~~~~~~~~~ W.P. (C) No. 26788 of 2010 ~~~~~~~~~~~~~~~~~~~~~~~ Dated, this the 20th day of August, 2010 JUDGMENT The petitioner is challenging the coercive proceedings, particularly the sale of the collateral security offered in connection with the loan availed by the petitioner, notified to be held on 28.8.2010. 2. The learned standing counsel for the respondent Board submits that, after the loan availed by the petitioner (Rs. 2.5 lakhs) in the year 1997, no substantial payment was effected and now the outstanding liability has come nearly Rs. 12,64,135/-. It is also brought to notice of this Court that, the Scheme of 'OTS' has been notified and the petitioner is eligible to obtain the benefit thereunder. If the petitioner is ready and willing to clear the liability by availing the 'OTS' Scheme, only a sum of Rs. 6,98,580/- has to be deposited so as to wipe off the entire liability under the loan transaction and that the time to satisfy the liability under 'OTS' is till 30.9.2010. 3. The learned counsel for the petitioner submits that, the petitioner has already approached the respondents by filing Ext. P3 application in this regard and that the only prayer now pressed before this Court is to direct the first to consider and pass appropriate orders on Ext. P3 W.P. (C) No. 26788 of 2010 : 2 : 4. After hearing both the sides, the first respondent is directed to consider and pass appropriate orders on Ext. P3 after giving an opportunity of hearing to the petitioner, as expeditiously as possible, at any rate within, 'two weeks' from the date of receipt of the copy of this judgment. The petitioner shall produce copy of the judgment along with a copy of the writ petition before the first respondent for taking further steps. Since it is stated that the Scheme of 'OTS' is extended till 30.9.2010, the further proceedings causing the property of the petitioner to be sold in public auction on 28.8.2010, shall kept in abeyance till appropriate orders are passed by the first respondent on Ext. P3 as aforesaid. The Writ Petition is disposed of. P. R. RAMACHANDRA MENON, JUDGE kmd