IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH FRIDAY, THE 5TH OCTOBER 2007 / 13TH ASWINA 1929 WP(C).No. 25656 of 2007(D) -------------------------- PETITIONER: ------------ ARAKKAL THYVALAPPIL IMBICHU @ KAYYU, D/O.KUNHIMOIDU, AGED 56 YEARS, P.O.KADAPPURAM, THRISSUR DISTRICT. BY ADV. SRI.P.RAMACHANDRAN RESPONDENTS: ------------- 1. THE AUTHORISED OFFICER, GURUVAYOOR CO-OPERATIVE URBAN BANK LTD., NO.F.1652, GURUVAYOOR, THRISSUR DISTRICT. 2. THE GURUVAYOOR CO-OPERATIVE URBAN BANK LTD NO.F.1652 (PO GURUVAYOOR, REPRESENTED BY ITS GENERAL MANAGER. BY ADV. SRI.M.ASOKAN SRI.DEVAPRASANTH.P.J. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 05/10/2007, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: APPENDIX PETITIONER'S EXHIBITS EXT.P1 TRUE COPY OF THE POSSESSION NOTICE ISSUED BY R1. EXT.P2 TRUE COPY OF THE POSSESSION NOTICE PUBLISHED IN THE MATHRUBHOOMI DAILY DTD. 27-7-07 /True Copy/ PA to Judge. K.M.JOSEPH, J. - - - - - - - - - - - - - - - - - - - - - W.P.(c).No. 25656 OF 2007 - - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 5th day of October, 2007 JUDGMENT Petitioner availed a loan. It is not repaid. Recovery steps were taken. Learned counsel for the petitioner prays that petitioner may be permitted to pay off the entire amount due in instalments. 2. I heard learned counsel for the respondent-Bank also. The writ petition is disposed of permitting the petitioner to pay off the entire amount remaining to be paid with due interest in eight equal monthly instalments, the first of which shall be payable on or before 02/11/2007. Remaining instalments are to be paid on or before the second working day of every succeeding months. The second respondent will serve a statement on the petitioner within two weeks from today showing the amount remaining to be paid with due interest and also the amount of instalments to be paid on the basis that the amount is to be paid in 8 equal monthly instalments. If any of the instalments is not paid, it will be open to the second respondent to proceed against the petitioner in accordance with law. (K.M.JOSEPH, JUDGE) sv.