IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE KURIAN JOSEPH MONDAY, THE 1ST SEPTEMBER 2008 / 10TH BHADRA 1930 WP(C).No. 3944 of 2006(T) ------------------------------------- PETITIONERS: --------------------- 1. THRESSIAMMA LONAPPAN, W/O.P.K.LONAPPAN, PROPRIETRIX, M/S.PANTHALLOORKKARAN UMBRELLA MART, SOUTH BAZAR, THRISSUR 680 002. 2. P.K.LONAPPAN, PANTHALLOOKKARAN HOUSE, KURIACHIRA, THRISSUR -680 006. 3. P.L.JOJO, S/O.P.K.LONAPPAN, PANTHALLOOKKARAN HOUSE,KURIACHIRA, THRISSUR 680 006. BY ADV. SRI.S.V.BALAKRISHNA IYER (SR.), SRI.K.JAYAKUMAR, SRI.P.B.KRISHNAN, SRI.HARISH R. MENON, SRI.R.SURAJ KUMAR. RESPONDENTS: ------------------------ 1. KERALA FINANCIAL CORPORATION, REPRESENTED BY THE ITS MANAGING DIRECTOR, HEAD OFFICE, VELLAYAMBALAM, THIRUVANANTHAPURAM -33 2. THE BRANCH MANAGER, KERALA FINANCIAL CORPORATION, BRANCH OFFICE, THRISSUR- 680 002. 3. SREEJITH LAL, S/O.KADUVANGAL GORPALAKRISHNAN, KADAKKAL VILLAGE, KOTTARAKKARA TALUK, KOLLAM DISTRICT. 4. LALITHA, W/O.KADUVANGAL GOPALAKRISHNAN, KADAKKAL VILLAGE, KOTTARAKKARA TALUK, KOLLAM DISTRICT. 5. THE DEPUTY TAHSILDAR (RR),KERALA FINANCIAL CORPORATION, K.M.M.COMPLEX, KOKKALAI, THRISSUR- 680 021. GOVT. PLEADER SRI. MOHAMMED ANZAR FOR R5, ADV. SRI. V.B. UNNIRAJA, SC, FOR R1 & R2, ADV. SRI.NAGARAJ NARAYANAN FOR R3 & R4, ADV. SRI.SAIJO HASSAN FOR R3 & R4, ADV. SRI.A.S.SABU FOR R3 & R4. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 01/09/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C). NO.3944/2006-T: APPENDIX PETITIONERS' EXHIBITS: EXT.P.1: COPY OF THE AGREEMENT DTD. 23/03/2003 ENTERED INTO BETWEEN THE P.1. ON THE ONE SIDE AND RESPONDENTS NO.3 AND 4 ON THE OTHER. EXT.P.2: COPY OF THE SANCTION LETTER DTD. 10/03/2003 ISSUED BY THE R.1. SANCTIONING A LOAN OF RS.20,00,000/- TO THE PETITIONERS AND RESPONDENTS 3 AND 4. EXT.P.3: COPY OF THE PROVISIONAL STATEMENT OF ACCOUNT OF LOAN A/C.NO.110221510 IN THE NAME OF THE P.1. FOR THE PERIOD FROM 01/03/2003 TO 30/11/2005. EXT.P.4: COPY OF THE REPRESENTATION DTD. 16/11/2004 SUBMITTED BY THE P.1. BEFORE THE R.1. EXT.P.5.A: COPY OF THE DEMAND NOTICE DTD. 22/12/2004 ISSUED BY R.5. TO P.1. UNDER SECTION 7 OF THE KERALA REVENUE RECOVERY ACT AND RECEIVED BY THE P.1 ON 04/02/2006. EXT.P.5.B: COPY OF THE DEMAND NOTICE DTD. 22/12/2004 ISSUED BY R.5 TO P.1. UNDER SECTION 34 OF THE KERALA REVENUE RECOVERY ACT AND RECEIVED BY THE P.1. ON 04/02/2006. EXT.P.6.A: COPY OF THE DEMAND NOTICE DTD. 22/12/2004 ISSUED BY R.5. TO P.2. UNDER SECTION 7 OF THE KERALA REVENUE RECOVERY ACT AND RECEIVED BY THE P.2. ON 04/02/2006. EXT.P.6.B: COPY OF THE DEMAND NOTICE DTD. 22/12/2004 ISSUED BY R.5. TO P.2. UNDER SECTION 34 OF THE KERALA REVENUE RECOVERY ACT AND RECEIVED BY THE P.2. ON 04/02/2006. RESPONDENTS' EXHIBITS: NIL. //TRUE COPY// P.A. TO JUDGE. prv. KURIAN JOSEPH, J. ---------------------------------------------- W.P.(C) No. 3944 of 2006 ---------------------------------------------- Dated 1st September, 2008. J U D G M E N T Petitioners approached this court aggrieved by the recovery steps initiated by the first respondent. In view of the intervening developments in case the petitioners have still any grievance left, they may approach the first respondent within two months from today, in which case, the benefit of the settlement schemes, if any available during the pendency of the writ petition will be extended to them. The writ petition is disposed of as above. KURIAN JOSEPH, JUDGE. tgs KURIAN JOSEPH, J ---------------------------------------------- W.P.(C) No.3944 of 2006 ---------------------------------------------- J U D G M E N T Dated 1st September, 2008.