IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR THURSDAY, THE 29TH MAY 2008 / 8TH JYAISHTA 1930 RP.No. 546 of 2008(L) --------------------- AGAINST THE JUDGEMENT/ORDER IN WPC.25318/2007 .................... PETITIONER: PETITIONER IN THE WRIT PETITION: ------------------------------------------------- SMT.PATHUMMA, W/O.LATE MOOSA, CHAMAKKALAYIL HOUSE, AZAD NAGAR, THIRURANGADI, MALAPPURAM DISTRICT. BY ADV. SRI.G.HARIHARAN RESPONDENTS: RESPONDENTS: ------------------------- 1. DEBT RECOVERY TRIBUNAL, V FLOOR, HOUSING BOARD BUILDING, PANAMPILLY NAGAR, ERNAKULAM. 2. UNION OF INDIA, REPRESENTED BY THE SECRETARY TO GOVERNMENT, MINISTRY OF FINANCE, CENTRAL SECRETARIAT, NEW DELHI-110001. 3. SOUTH INDIAN BANK, REGIONAL OFFICE, PB.NO.933, CHAKKORATHUKULAM, P.O.WEST HILL, KOZHIKODE 673 005. 4. MOHAMMED KONDANATH @ MUHAMMED BASHEER, S/O.ABDUL RAHIMAN, KONDANATH HOUSE, AZAD NAGAR, TIRURANGADI, MALAPPURAM DISTRICT. BY ADV. SRI.P.PARAMESWARAN NAIR,ASST.SOLICITOR GENERAL FOR R1,2 THIS REVIEW PETITION HAVING COME UP FOR ADMISSION ON 29/05/2008, THE COURT ON THE SAME DAY PASSED THE FOLLOWING: C.N. RAMACHANDRAN NAIR, J. -------------------------------------------- R.P. NO. 546 OF 2008 IN W.P.C. NO.25318 OF 2007 -------------------------------------------- Dated this the 29th day of May, 2008 O R D E R This Review Petition is filed for extension of time for settling the liability and for grant of OTS benefit. Petitioner has produced proof towards payment of Rs. 1,40,000/-. Since Bank has accepted part payment and since incentives are granted under OTS scheme, I dispose of the review petition by granting two months' time from today to settle liability on condition that petitioner will pay interest till date of payment. There will also be direction to third respondent to grant OTS benefit if liability is settled within two months from today. If liability is not settled, then OTS benefit extended by the Bank under this order will stand automatically cancelled and there will be direction to the petitioner to hand over possession of the building to the third respondeent for sale in auction. In view of the above direction, there will be stay against taking over possession of petitioner's property for two months from today. (C.N. RAMACHANDRAN NAIR) Judge kk 2