IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON TUESDAY, THE 4TH AUGUST 2009 / 13TH SRAVANA 1931 WP(C).No. 21929 of 2009(I) ---------------------------------------- PETITIONER(S): ------------------------ GIRIJA PRAKASAN, SIVASAILAM, PERIMKULANGARA, PATTANAKKAD P.O., CHERTHALA. BY ADV. MR.SUNIL JACOB JOSE RESPONDENT(S): ------------------------- STATE BANK OF TRAVANCORE, REGION III, ZONAL OFFICE, PANAMPILLY NAGAR, ERNAKULAM, COCHIN-682 036, REPRESENTED BY THE CHIEF MANAGER (ADVANCES) AND AUTHORIZED OFFICER. BY MR.K.S.DILIP, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 04/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON, J. ........................................................................ W.P.(C) No. 21929 OF 2009 ......................................................................... Dated this the 4th August, 2009 J U D G M E N T The petitioner along with her husband had availed a housing loan of Rs. 2.6 lakhs from the respondent Bank in the year 2006. But the loan could not be repaid on time as scheduled, which made the respondent Bank to proceed with further steps after declaring the account as 'NPA', which in turn is sought to be intercepted in the present Writ Petition. 2. The learned Counsel for the petitioner submits that the default was never wilful or deliberate, but for some unforeseen circumstances. It is stated that the petitioner is making every earnest effort to see that the defaulted arrears are cleared at the earliest opportunity and the only prayer is that the loan account may be regularised at the hands of the respondent Bank. 3. Heard the learned Counsel for the respondent Bank, who submits, on instruction, that as on 31.07.2009, a sum of Rs. 60279/- with subsequent interest and cost is due, for regularisation of the loan account. 4. Considering the persuasive submission made by the learned W.P.(C) No. 21929 OF 2009 2 Counsel for the petitioner that the petitioner does not have any challenge against the steps taken by the respondent Bank, as on date, the petitioner is permitted to clear the outstanding liability towards the defaulted E.M.Is, by way of three equal monthly installments, the first of which shall be effected on or before 25.08.2009, to be followed by remaining installments to be effected on or before the 25th of the succeeding months. This will be in addition to the liability of the petitioner to effect the regular E.M.Is as well. Subject to the above, all coercive steps stated as being pursued against the petitioner shall stand deferred. It is further made clear that if any default is committed by the petitioner in clearing the liability towards defaulted arrears as above or if any two consecutive defaults are resulted in remitting the regular E.M.Is, the respondent Bank will be at liberty to proceed with further steps from the stage where it stands now, for realisation of the entire amount in a lump sum. The Writ Petition is disposed of as above. P.R. RAMACHANDRA MENON, JUDGE. lk