IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 17TH JANUARY 2008 / 27TH POUSHA 1929 WP(C).No. 15972 of 2007(B) ---------------------------------------- PETITIONERS: ----------------------- 1. BALAN V.R., S/O.RAVUNNI, VADERIYATHIL VEEDU, MUNDOOR P.O. 2. KARTHIKA BALAN, W/O.BALAN V.R., VADERIYATTIL VEEDU, MUNDOOR P.O. THRISSUR DISTRICT. BY ADV. SRI.C.E.UNNIKRISHNAN RESPONDENTS: ------------------------ 1. THE REGISTRAR OF CO-OPERATIVE SOCIETIES, THIRUVVANANTHAPURAM. 2. ADAT FARMERS SERVICE CO-OPERATIVEW BANK LTD.NO.689 REPRESENTED BY ITS GENERAL MANAGER, PURANATTUKARA 680 551, THRISSUR DISTRICT. R1 BY GOVERNMENT PLEADER SRI. P.K.RAVIKRISHNAN THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 17/01/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss WPC.NO.15972/2007 B APPENDIX PETITIONER'S EXHIBITS: EXT.P1: COPY OF THE CIRCULAR NO.CB(1)725/2006 DTD. 29/06/2006. EXT.P2: COPY OF THE REPRESENTATION DTD. 8/12/2006 SUBMITTED BY THE 1ST PETITIONER BEFORE THE 2ND RESPONDENT. EXT.P3: COPY OF THE REPRESENTATION DTD. 8/12/2006 SUBMITTED BY THE PETITIONER BEFORE THE 2ND RESPONDENT. EXT.P4: COPY OF THE LETTER DTD. 27/03/2007 ISSUED TO THE 1ST PETITIONER. EXT.P5: COPY OF THE CIRCULAR NO.59/2006 DTD. 30/11/2006 ISSUED BY THE 1ST RESPONDENT. /TRUE COPY/ P.A.TO JUDGE Kss Thottathil B. Radhakrishnan, J. ================================== W.P.(C)No.15972 of 2007 ================================== Dated this the 17th day of January, 2008. JUDGMENT After arguing the matter for quite sometime, petitioners, through their learned counsel, give up all other contentions and confine their submission to a request that they may be permitted to pay off the outstandings in instalments and also by availing One Time Settlement Scheme, if applicable. This writ petition is hence disposed of directing that any request of the petitioners for One Time Settlement Scheme shall be considered by the second respondent in accordance with law. Otherwise, the petitioners shall wipe off the entire outstandings, including accruals, in six equal WPC15972/2007 -:2:- monthly instalments, payable on or before the last working day of every month, commencing from February, 2008. The applicability of Circular 30/07 shall also be considered. Thottathil B.Radhakrishnan, Judge. sl.