IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE V.GIRI FRIDAY, THE 31ST JULY 2009 / 9TH SRAVANA 1931 WP(C).No. 20881 of 2009(E) -------------------------- PETITIONER: ------------------ ANNAMMA SABU, W/O. SABU K. JOSEPH, KUTHATHAYIL HOUSE, ANICADU KARA AND POST, ANICADU VILLAGE, KOTTAYAM DIST. BY ADV. MR. P.KURUVILLA JACOB RESPONDENTS: ---------------------- 1. THE CHIEF MANAGER, THE KERALA FINANCIAL CORPORATION, BRANCH OFFICE, M.C. ROAD, NEAR YMCA, KOTTAYAM. 2. THE MANAGING DIRECTOR, THE KERALA FINANCIAL CORPORATION, HEAD OFFICE, THIRUVANANTHAPURAM. 3. THE ASSISTANT MANAGER, THE KERALA FINANCIAL CORPORATION, BRANCH OFFICE, M.C. ROAD, NEAR Y.M.C.A. , KOTTAYAM. 4. M.M. JOSEPH, MANJAKKAL HOUSE, CHERUVALLY KARA AND POST, MANIMALA, KOTTAYAM DIST. R1 TO 3 BY MR. K.JAJU BABU, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 31/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: V.GIRI,J. ------------------------- W.P ( C) No. 20881 of 2009 -------------------------- Dated this the 31st July,2009 J U D G M E N T Petitioner availed a loan from the Financial Corporation. Property was mortgaged. There was default in repayment of the loan. The mortgaged property was brought to sale. Petitioner sought for One Time Settlement. Steps were taken to invite tenders. It is now affirmed in the statement filed on behalf of the respondents 1 to 3 that the tenders received were rejected. But at the same time, the request by the petitioner to settle the accounts under the One Time Settlement Scheme is pending, according to the petitioner. 2. Learned standing counsel for the respondents 1 to 3 submits that earlier request for One Time Settlement was dealt with under Ext.P1. Petitioner did not comply with the conditions imposed under Ext.P1. Nevertheless, the Corporation is willing to revive the One Time Settlement Scheme and consider the petitioner's W.P ( C) No. 20881 of 2009 2 request on condition that the petitioner remits an amount of Rs.11 lakhs with 12% interest from the date of Ext.P1. It is open to the petitioner to avail the offer and if so, such payment shall be effected within the time granted by the Corporation. Writ petition is disposed of as above. (V.GIRI,JUDGE) ma W.P ( C) No. 20881 of 2009 3 W.P ( C) No. 20881 of 2009 4