IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN TUESDAY, THE 16TH DECEMBER 2008 / 25TH AGRAHAYANA 1930 WP(C).No. 36056 of 2008(P) -------------------------------------- PETITIONER: ------------------- P.M.SUDHAKARAN PROPRIETOR, PEEYEM & SONS HILL PRODUCE MERCHANTS, KENICHIRA, WAYANAD DISTRICT. BY ADV. SRI.M.P.ASHOK KUMAR. RESPONDENTS: ----------------------- 1. THE AUTHORIZED OFFICER/ CHIEF MANAGER, PUNJAB NATIONAL BANK CIRCLE OFFICE, CALICUT. 2. THE PUNJAB NATIONAL BANK, SULTHANBATHERY BRANCH, WAYANAD DISTRICT, REP. BY ITS MANAGER. *ADDL.R3. P.M. MOHANAN, PULICKAL HOUSE, KENICHIRA POST, POOTHADI AMSOM, DESOM, S. BATHERY TALUK, WAYANAD DISTRICT. *ADDL.R3 IS IMPLEADED AS PER ORDER DATED 16/12/2008 IN I.A. NO. 15744/08. BY THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 16/12/2008,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.36056 OF 2008 ------------------------------------------- Dated this the 16th day of December, 2008 JUDGMENT Notice to the respondents dispensed with, preserving their right to move for review of this judgment, if aggrieved. Learned counsel for the petitioner states that an amount of Rs.1,00,000/- will be paid within one week. Recording this submission, it is ordered that if the petitioner makes deposit as above and continues to deposit amounts at the rate of Rs.75,000/- per month, payable on or before the last working day of every month commencing from January, 2009, the impugned distress action will stand deferred and ultimately dropped. No other contentions are raised. However, if there is default in remitting any of the amounts as aforesaid, the benefit of this judgment will stand recalled automatically and distress action shall follow. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.