IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT:- THE HONOURABLE MR. JUSTICE K.BALAKRISHNAN NAIR & THE HONOURABLE MRS. JUSTICE M.C.HARI RANI THURSDAY, THE 5TH JUNE 2008 / 15TH JYAISHTA 1930 W.P.(C).No.23371 of 2004(G) --------------------------------------------------- PETITIONER:- -------------------- KERALA STATE CO-OPERATIVE BANK LTD., TRIVANDRUM, REPRESENTED BY ITS MANAGING DIRECTOR. BY STANDING COUNSEL SRI.NAGARAJ NARAYANAN. RESPONDENTS:- ------------------------- 1. THE KERALA CO-OPERATIVE TRIBUNAL, TRIVANDRUM. 2. SMT.SOUDHA BEEVI, PUNNAVILA, KIZHAKKETHAIL, THRIKKUNNAPUZHA SOUTH, KAKKAKUNNU (PO), SOORANAD SOUTH, KOLLAM. * 3. SRI.MUHAMMED KUNJU, S/O.MARAKKAR KUNJU, DO. (DIED) ADDITIONAL RESPONDENTS 4 TO 12 IMPLEADED: ------------------------------------------------------------------------ ADDL.R4. ASSYA UMMAL, W/O.LATE MUHAMMED KUNJU, PUNNAVILA KIZHAKKETHIL, THRIKKUNNAPUZHA SOUTH, KAKKAKKUNNU (P.O.), SOORANAD SOUTH. ADDL.R5. M.IBRAHIMKUTTY, S/O.LATE MUHAMMED KUNJU, PUNNAVILA KIZHAKKETHIL, THRIKKUNNAPUZHA SOUTH, KAKKAKKUNNU (P.O.), SOORANAD SOUTH. ADDL.R6. M.ABDUL RAFAN, S/O.LATE MUHAMMED KUNJU, SHABEER MANZIL, KIDANGAYYAM NADUVIL, PATHARAM (P.O.), SOORANAD SOUTH. ADDL.R7. M.ALIYARUKUNJU, S/O.LATE MUHAMMED KUNJU, NJARAYAKKATTU VEEDU, KIDANGAYYAM NADUVIL, PATHARAM (P.O.), SOORANAD SOUTH. W.P.(C).NO.23371 OF 2004-G - 2- ADDL.R8. SAINABA KUNJU, D.O.LATE MUHAMMED KUNJU, KAROORKADAVIL, KIDANGAYYAM NADUVIL, PATHARAM (P.O.), SOORANAD SOUTH. ADDL.R9. M.YOUSUF KUNJU, S/O.LATE MUHAMMED KUNJU, S.S.VILLA, THRIKKUNNAPUZHA SOUTH, KAKKAKKUNNU (P.O.). SOORANAD SOUTH. ADDL.R10. RUKKIYATH, D/O.LATE MUHAMMED KUNJU, KOTTAVILA PUTHEN VEEDU, KIDANGAYYAM NADUVIL, PATHARAM (P.O.), SOORANAD SOUTH. ADDL.R11. M.ABDUL AZIZ, S/O.LATE MUHAMMED KUNJU, PUNNAVILA KIZHAKKETHIL, THRIKKUNNAPUZHA SOUTH, KAKKAKKUNNU (P.O.), SOORANAD SOUTH. ADDL.R12. SUHARA BEEVI, D/O.LATE MUHAMMED KUNJU, PALAMOOTTIL VEEDYU, VADAKKUMTHALA, KUTTIVETTAM, YNAGAPPALLY. (ADDITIONAL RESPONDENTS 4 TO 12 ARE IMPLEADED AS THE LEGAL HEIRS OF DECEASED 3RD RESPONDENT AS PER ORDER ON I.A. NO.12112 OF 2007 DATED 5.6.2008). R2, R4, R6 TO R10 & R12 BY ADV. SRI.V.N.ACHUTHA KURUP (SR.) SMT.BINDU SREEKUMAR. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 05/06/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:- W.P.(C).NO.23371 OF 2004-G APPENDIX PETITIONER'S EXHIBITS:- ------------------------------------- EXHIBIT -P1 - TRUE COPY OF THE AWARD IN A.R.C.NO.24 OF 1996 DATED 20.05.1998 OF THE ARBITRATOR. EXHIBIT - P2 - TRUE COPY OF THE ORDER IN R.P.NO.58 OF 2002 DATED 24.02.2003 OF THE TRIBUNAL. RESPONDENT'S EXHIBITS:- ----------------------------------------- NIL. - TRUE COPY - K.BALAKRISHNAN NAIR & M.C.HARI RANI, JJ. ------------------------------------------ W.P.(C) No.23371 of 2004-G ------------------------------------------ Dated, this the 5th day of June, 2008 JUDGMENT Balakrishnan Nair, J. The point raised by the petitioner is covered by a decision of the Division Bench of this Court in Kerala State Co-operative Bank Ltd. v. Kerala Co- operative Tribunal (2005 (1) KLT 572). 2. In view of the above position, Ext.2 is set aside. The revision petition which was disposed of as per Ext.P2 is remitted to the Co-operative Tribunal to reconsider what is the rate of interest that should be awarded, in the light of the observations of this Court in the above referred reported decision. The Tribunal shall endeavour to pass final orders in the matter as expeditiously as possible, preferably within four months from the date of receipt of a copy of this judgment. The writ petition is disposed of as above. (K.BALAKRISHNAN NAIR) JUDGE (M.C.HARI RANI) JUDGE vns