IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH MONDAY, THE 30TH MARCH 2009 / 9TH CHAITHRA 1931 WP(C).No. 9691 of 2009(F) -------------------------------------- PETITIONER(S): --------------------- K.P.SUBRAN,S/O.K.K.PARAMU, KIDANGATHU HOUSE,V.R.PURAM P.O., CHALAKUDY P.O. BY ADV. SRI.A.D.SHAJAN SMT.K.USHA RESPONDENT(S): ------------------------ STATE BANK OF TRAVANCORE, CHALAKUDY BRANCH,CHALAKUDY, REP.BY ITS CHIEF MANAGER. BY STANDING COUNSEL SRI.R.S.KALKURA. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 30/03/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K. M. JOSEPH, J. -------------------------------------- W.P.C. NO. 9691 OF 2009 F -------------------------------------- Dated this the 30th March, 2009 JUDGMENT Petitioner availed a loan. It is stated that the petitioner belongs to a financially weak family and is working as a Peon. Petitioner committed default and is faced with Ext.P1. 2. I heard the learned counsel for the petitioner and Shri R.S. Kalkura, learned standing counsel for the respondent Bank. The Writ Petition is disposed of as follows: Proceedings pursuant to Ext.P1 will be kept in abeyance, if the petitioner pays Rs.15,000/= (Rupees Fifteen Thousand) within one week from today and remits the balance amount with due interest in two equal monthly instalments, the first of which shall be payable on or before 10.4.2009 and the further instalment on 10.5.2009. The respondent Bank will consider the case of the petitioner for regularisation of the Account within a period of three weeks from the date of payment of the last instalment. If the petitioner does not pay either Rs.15,000/= WPC.9691/09 F 2 (Rupees Fifteen Thousand) or any of the two instalments, petitioner will lose the benefit of this Judgment and it will be open to the respondent Bank to proceed against the petitioner in accordance with law. Sd/= K. M. JOSEPH, JUDGE kbk. // True Copy // PS to Judge