IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE J.M.JAMES THURSDAY, THE 11TH JANUARY 2007 / 21ST PAUSHA 1928 WP(C).No. 6336 of 2005(D) ------------------------- PETITIONER: ------------ SREENIVASAN, OTTAPLAKKIL HOUSE KADUTHURUTHY P.O., KOTTAYAM. BY ADV. SRI.R.SUDHIR RESPONDENTS: ------------- 1. KADUTHURUTHY REGIONAL SERVICE CO-OPERATIVE BANK LTD.NO.4061, REP. BY ITS SECRETARY, KADUTHURUTHY P.O. 2. THE SPECIAL SALE OFFICER, KADUTHURUTHY REGIONAL SERVICE CO-OPERATIVE BANK LTD.NO.4061, KADUTHURUTHY. BY ADV. SRI.T.R.HARIKUMAR FOR R1 GOVERNMENT PLEADER SRI.P.K. RAVIKRISHNAN THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 11/01/2007, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C).6336/2005 APPENDIX PETITIONER'S EXHIBITS EXT.P1- TRUE COPY OF THE AUCTION NOTICE DATED 25.1.2005 EXT.P2- TRUE COPY OF THE AUCTION NOTICE DATED 25.1.2005 (TRUE COPY) P.A TO JUDGE J.M.JAMES, J. ------------------- W.P.(C). 6336/2005 -------------------- Dated this the 11th day of January, 2007 JUDGMENT The defaulted writ petitioner is before this Court praying to quash Exts.P1 and P2 coercive steps initiated against him. 2. I heard both sides. Considering the facts and circumstances of the case, I direct the writ petitioner to approach the first respondent, bank, with a representation requesting for an One Time Settlement, within ten days from today. The first respondent shall hear the writ petitioner and grant him the One Time Settlement facilities, as contained in Circular No.59/2006 dated 30.11.2006. This shall be done within one month from the date of filing of the representation by the writ petitioner. There shall be no coercive action against the writ petitioner, till the final order is passed on the representation, as directed above. 3. After passing of the final order on the W.P.(C).6336/2005 2 representation, as per the directions contained in Circular No.59/2006, the writ petitioner shall be bound by the same. The writ petition is disposed of as above. J.M.JAMES JUDGE mrcs