IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN WEDNESDAY, THE 26TH MARCH 2008 / 6TH CHAITHRA 1930 WP(C).No. 10795 of 2006(I) -------------------------- PETITIONER: ------------ K.P. KANDUNNI, PROP.M/S. POOVAPPALLY RICE MILLA, KONGAD-678 631. BY ADV. SRI.A.K.CHINNAN RESPONDENTS: ------------- 1. PALAKKAD DISTRICT CO-OPERATIVE BANK LTD., REPRESENTED BY ITS GENERAL MANAGER, H.P.O. ROAD, SULTANPET, PALAKKAD-678 001. 2. ASSISTANT REGISTRAR CUM SPECIAL ARBITRATOR, DISTRICT CO-OPERATIVE BANK, PALAKKAD-678 001. 3. AUTHORISED OFFICER (INSPECTOR OF BRANCHES) PALAKKAD DISTRICT CO-OPERATIVE BANK LTD., HPO ROAD, PALAKKAD. BY ADV. SRI.M.M.MONAYE SRI.M.PAUL VARGHESE THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 26/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P(C).No. 10795/06. APPENDIX PETITIONER'S EXHIBITS: P1. COPY OF THE CASH CREDIT ACCOMMODATION SANCTION ORDER DTD.13.6.98. P2. COPY OF THE PLAINT DTD.5.2.2001. P3. COPY OF THE CIRCULAR DTD.27.9.01. P4. COPY OF THE JUDGMENT IN O.P.NO.29770/04. P5. COPY OF THE CIRCULAR DTD.31.12.04. P6. COPY OF THE NOTICE DTD.20.2.2006. Sdk+ ///True copy/// P.A. to Judge S.SIRI JAGAN, J. ================== W.P.(C).No. 10795 of 2006 ================== Dated this the 26th day of March, 2008 J U D G M E N T The petitioner has been proceeded against by the respondents for recovery of the loan amounts due from the petitioner to the respondents. This court granted an interim stay of recovery on condition that the petitioner remits an amount of Rs.1,50,000/-. It is submitted that that amount has been paid. Now the petitioner only seeks the facility of One Time Settlement for payment of the balance amounts due. The counsel appearing for the respondents submits that they are wiling to consider the application for OTS submitted by the petitioner. In the above circumstances, this writ petition is disposed of with a direction to the 1st respondent to consider and pass orders on the petitioner's request for One Time Settlement in accordance with the scheme applicable, as expeditiously as possible, at any rate, within one month from the date of receipt of a copy of this judgment. The petitioner shall pay the amount so computed as directed in the order to be passed by the 1st respondent. Sd/- sdk+ S.SIRI JAGAN, JUDGE ///True copy/// P.A. to Judge 2