IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON FRIDAY, THE 22ND MAY 2009 / 1ST JYAISHTA 1931 W.P.(C).No. 13754 of 2009(L) -------------------------- PETITIONER: ------------------- URMISE P.M., UKKEN HOUSE, ANNAMADA P.O., TRICHUR. BY ADV. SMT.S.MUMTAZ RESPONDENT: ---------------------- THE HOUSING DEVELOPMENT FINANCE CORPORATION LTD., REPRESENTED BY THE AUTHORISED OFFICER, HDFC HOUSE, POST BAG NO.1667 RAVIPURAM JN., KOCHI-15. ADV. SRI.K.K.CHANDRAN PILLAI, SC, HDFC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 22/05/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON, J. ........................................................................ W.P.(C) No. 13754 OF 2009 ......................................................................... Dated this the 22nd May, 2009 J U D G M E N T The petitioner has approached this Court challenging the coercive steps taken by the respondent, after declaring the amount due from the petitioner as NPA (Non Performing Asset ). The learned counsel for the petitioner submits that because of some unforeseen circumstances, the loan amount could not be repaid on time. 2. The learned Standing Counsel for the respondent, on instruction, submits that no repayment towards loan amount has been effected for the past 15 months. After taking note of the sequence of events, the Writ Petition is disposed of, directing the petitioner to remit a sum of Rs.50,000/- (Rupees fifty thousand only) on or before 31.05.2009 and the balance amount shall be cleared by way of six equal monthly instalments, commencing from June, 2009 onwards. If any default is made by the petitioner, the respondent will be at liberty to proceed further, for realization of the entire due amount in a lump sum. P.R. RAMACHANDRA MENON, JUDGE. lk