IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN TUESDAY, THE 29TH APRIL 2008 / 9TH VAISAKHA 1930 WP(C).No. 13762 of 2008(L) -------------------------- PETITIONER: ------------ K.J.THEYAMMA,W/O.GEORGE,THOPPIL HOLLOW BRICKS,THOPPIL,KALLIYAR P.O,VANNAPURAM, THODUPUZHA - 685 582. BY ADV. SRI.MATHEW B. KURIAN SRI.K.T.THOMAS RESPONDENTS: ------------- 1. KERALA FINANCIAL CORPORATION, THIRUVANANTHAPURAM,REP.BY ITS MANAGING DIRECTOR, 2. THE BRANCH MANAGER,KERALA FINANCIAL CORPORATION,BRANCH OFFICE,PULIMOOTTIL SHOPPING ARCADE,MUVATUPUZHA ROAD,THODUPUZHA-685 584. BY ADV. MR. V.B. UNNIRAJ THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 29/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W. P (C) No. 13762 of 2008 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 29th April, 2008. J U D G M E N T Petitioner is aggrieved by the proceedings for recovery of loan amounts due from the petitioner to the 1st respondent-Kerala Financial Corporation. The petitioner submits that the petitioner is entitled to have her application for one time settlement considered in accordance with law and the proceedings now initiated for recovery without considering petitioner's claim for one time settlement is unjust. The petitioner also disputes the computation of the amounts due. 2. I have heard the learned standing counsel appearing for the Kerala Financial Corporation, who opposes the prayers of the petitioner. In the facts and circumstances of the case, I dispose of the writ petition with the following directions. The petitioner shall pay an amount of Rs. 2 lakhs within two weeks. On receipt of the same, the respondents shall issue a statement of accounts to the petitioner. On receipt of the same, the petitioner shall file her objections within two weeks from the date of receipt of the statement of accounts. Thereafter, the respondents shall consider the petitioner's claim for one time settlement as also reduction in interest etc., in accordance with the guidelines applicable and pass appropriate orders thereon. The petitioner shall pay the balance amount due in accordance with the orders to be so passed without prejudice to right of the petitioner to challenge the validity of the demand. If the petitioner complies with the above directions, recovery of the balance amount shall be kept in abeyance till orders are passed by the respondents as directed above. Sd/- S. Siri Jagan, Judge. Tds/ [True copy] P.S to Judge.