IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN WEDNESDAY, THE 19TH MAY 2010 / 29TH VAISAKHA 1932 WP(C).No. 27485 of 2009(E) -------------------------------------- PETITIONER: ------------------- V.K.BABU, AGED 48,S/O.KUNJUKUTTY,M/S.SREELAKSHMI ENTERPRISES,VAKAVAYALIL HOUSE, VANDANMEDU P.O.,SOOLAPPARA, KARUNAPURAM VILLAGE,UDUMPANCHOLA TALUK, IDUKKI DISTRICT. BY ADV. SRI.VARGHESE C.KURIAKOSE. RESPONDENTS: ------------------------ 1. STATE OF KERALA, REP.BY SECRETARY,(MINISTRY OF FINANCE), SECRETARIAT,TRIVANDRUM. 2. THE KERALA FINANCIAL CORPORATION, HEAD OFFICE,VELLAYAMBALAM, REP.BY MANAGING DIRECTOR,TRIVANDRUM. 3. THE MANAGER, KERALA FINANCIAL CORPORATION,KATTAPPANA. R1 BY GOVT. PLEADER SRI. P.N. SANTHOSH, R2 & R3 BY SRI.M.M.SAYED MUHAMMED, SC, KFC. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 19/05/2010,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. S. SIRI JAGAN, J. - - - - - - - - - - - - - - - - - - - - - - - W.P.(C)No. 27485 of 2009 - - - - - - - - - - - - - - - - - - - - - - - Dated this the 19th day of May, 2010 J U D G M E N T The petitioner is a defaulter in repayment of loan amount due from him to the 2nd respondent-Kerala Financial Corporation. He does not dispute the liability to pay the amount or the quantum thereof. His only contention is that in so far as there is a scheme for 'One Time Settlement' of the loan amount, the 2nd respondent may be directed to consider the petitioner's claim for One Time Settlement. 2. The standing counsel for the 2nd respondent points out that as is evidenced by Ext.P1, earlier an OTS was offered to the petitioner, which the petitioner has not availed of. He further submits that if again the request of the petitioner has to be considered that can only be in accordance with circular No. KFC/CIR2/RECY1/10-11 dated 21.04.2010. W.P.(C)No. 27485 of 2009 -2- 3. Having heard both sides, I dispose of this writ petition with a direction to the 2nd respondent to consider the request of the petitioner for revival of the OTS of the loan account in accordance with the above circular and also in accordance with other provisions applicable under law, as expeditiously as possible. The learned standing counsel further points out that the facility as per the circular stands automatically extended till 30.06.2010. In the above circumstances the petitioner shall approach the 2nd respondent with a concrete proposal for OTS and comply with the directions thereof by the 2nd respondent in time. S. SIRI JAGAN JUDGE shg/