IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON THURSDAY, THE 23RD JULY 2009 / 1ST SRAVANA 1931 WP(C).No. 19155 of 2009(L) -------------------------- PETITIONER: --------------- SAMLAL BABU, S/O.LATE PADMANABHAN, AMBADY, MANAKKAPARAMBIL LANE, AZAD ROAD, KALOOR, ERNAKULAM DISTRICT. BY ADV. SRI.MOHAN IDICULLA ABRAHAM SRI.T.A.GEORGE JOSEPH RESPONDENTS: --------------- 1. CANARA BANK, REPRESENTED BY THE SENIOR MANAGER AND A PRINCIPAL OFFICER OF PALARIVATTOM BRANCH, ERNAKULAM. 2. M/S.IT WAVE TECHNOLOGIES, 42/633 B1, NEAR AYYAPPANKAVU TEMPLE, AYYAPPANKAVU, KOCHI - 18, REPRESENTED BY ITS PROPRIETOR, BENNY THOMAS 3. BENNY THOMAS, S/O.LATE THOMAS KUNNATH, PROPRIETOR, M/S.IT WAVE TECHNOLOGIES, KUNNATH HOUSE, ABMS LANE, ASOKA ROAD, KALOOR, ERNAKULAM DISTRICT. 4. THE DEPUTY TAHSILDAR (RR), KANAYANNUR TALUK, ERNAKULAM, KOCHI - 682 011. R1 BY ADV. SRI.P.GOPINATH MENON, SC, CANARA BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 23/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON, J. ........................................................................ W.P.(C) No.19155 OF 2009 ......................................................................... Dated this the 23rd July, 2009 J U D G M E N T The learned Counsel for the petitioner submits that in view of the statement filed from the part of the respondents pointing out that the loan facility extended to the petitioner was very much in the priority sector, the petitioner would like to drop all the contentions raised in the Writ Petition, but for confining the reliefs to permit the petitioner to clear the liability by reasonable installments. 2. Considering the facts and circumstances, the petitioner is directed to effect payment of a sum of Rs. One lakh within one month and the balance amount shall be satisfied by five equal monthly installments, the first of which shall be paid on or before the 10th September, 2009 to be followed by similar installments to be effected on or before the 10th of succeeding months. Subject to the above, all coercive steps pursuant to Ext.P2 W.P.(C) No.19155 OF 2009 2 shall be kept in abeyance. It is made clear that if any default is committed by the petitioner in remitting the installments as above, the respondents will be at liberty to proceed against the petitioner with further steps for realisation of the entire amount in a lump sum. The Writ Petition is disposed of as above. P.R. RAMACHANDRA MENON, JUDGE. lk