IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR FRIDAY, THE 1ST FEBRUARY 2008 / 12TH MAGHA 1929 WP(C).No. 35868 of 2004(T) -------------------------- PETITIONER: ------------ LESLIE POLYMERS (INDIA) PRIVATE LTD., REG.NO.OFFICE, P.B.NO.22, P.D.PUDUKKAD, THRISSUR DISTRICT, KERALA 680 301, REP. BY ITS MANAGING DIRECTOR, DR.M.C.JOHNY. BY ADV. SRI.SHAJI CHIRAYATH RESPONDENTS: ------------- 1. THE DISTRICT COLLECTOR, THRISSUR,. 2. THE DIRECTOR OF INDUSTRIES AND COMMERCE VIKAS BHAVAN, THIRUVANANTHAPURAM. 3. THE KERALA STATE INDUSTRIES DEVELOPMENT CORPORATION LTD. REP. BY ITS MANAGING DIRECTOR, VELLAYAMBALAM, KAWDIAR P.O. THIRUANANTHAPURAM. 4. THE TAHSILDAR (R.R), MUKUNDAPURAM,. THRISSUR DISTRICT. R3 BY ADV. SRI.M.PATHROSE MATTHAI (SR.) R1,2&4 BY G.P. SMT.SMITHA SUKUMAR THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 01/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR, J. .................................................................... W.P.(C) No.35868 of 2004 .................................................................... Dated this the 1st day of February, 2008. JUDGMENT Prayer in the W.P. is to direct KSIDC to grant OTS benefits in terms of RBI guidelines. Standing Counsel for KSIDC submitted that RBI guidelines apply only to Banks and not to financial institutions like the KSIDC. In fact KSIDC itself has got schemes for settlement of liability providing for incentives. It is for the petitioner to move KSIDC after payment of the percentage required for considering OTS application and if any proper application is bonafide filed after payment of the percentage in terms of the norms, the KSIDC will consider the same. However, if liability is not settled under OTS, revenue recovery proceedings will be continued as liability is admitted. The W.P. is disposed of as above. C.N.RAMACHANDRAN NAIR Judge pms