IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH WEDNESDAY, THE 8TH APRIL 2009 / 18TH CHAITHRA 1931 WP(C).No. 10736 of 2009(J) -------------------------- PETITIONER(S): --------------------- PUSHPALATHA, W/O.P.MADHAVAN, SREERAGAM, PULIYARMALA, KALPETTA NORTH, WAYANAD DISTRICT. BY ADV. SRI.HARISH R. MENON RESPONDENT(S): ------------------------- 1. INDIAN OVERSEAS BANK, KALPETTA BRANCH, WAYANAD DISTRICT. 2. AUTHORISED OFFICER, INDIAN OVERSEAS BANK, REGIONAL OFFICE, CHEROOTY ROAD, KOZHIKODE. ADV. SRI.P.B.SURESH KUMAR, SC,I.O.BANK FOR R2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 08/04/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K. M. JOSEPH, J. -------------------------------------- W.P.C. NO. 10736 OF 2009 J -------------------------------------- Dated this the 8th April, 2009 JUDGMENT Heard the learned counsel for the petitioner and the learned standing counsel. The only prayer is to permit the petitioner to pay off the amount in instalments. The Writ Petition is disposed of as follows: Petitioner is permitted to pay off the entire amount with due interest in six instalments. The first instalment shall consist of Rs.3,00,000/=(Rupees Three Lakhs) to be paid on or before 22.4.2009. The remaining amount shall be paid in five equal monthly instalments, the first of which shall be payable on or before 22.5.2009 and the further instalments on or before the 22nd of the succeeding months. The respondent Bank will serve a Statement on the petitioner showing the exact amount of instalments to be paid by the petitioner within a period of two WPC.10736/09J :: 2 :: weeks from the date of payment of Rs.3,00,000/= as aforesaid. If the petitioner does not remit Rs.3,00,000/=(Rupees Three Lakhs) or any of the instalments, she will forfeit the benefit of this Judgment and it will be open to the respondents to proceed against the petitioner in accordance with law. Sd/= K. M. JOSEPH, JUDGE kbk. // True Copy // PS to Judge