IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR TUESDAY, THE 18TH SEPTEMBER 2007 / 27TH BHADRA 1929 WP(C).No. 27347 of 2007(E) -------------------------- PETITIONER: ------------ K.SASIDHARAN, AGED 56 YEARS, S/O.KUNJUKRISHNAN, K.K.SADANAM, VILAYODI P.O., CHITTUR TALUK, PALGHAT DISTRICT- 678103. BY ADV. SRI.A.K.MADHAVAN UNNI RESPONDENTS: ------------- 1. THE KERALA STATE FINANCE ENTERPRISES LIMTED, MUSEUM ROAD, THRISSUR, REPRESENTED BY ITS GENERAL MANAGER. 2. THE MANAGER, KERALA STATE FIANCIAL ENTERPRISES LIMITED, VELLANAD, THIRUVANANTHAPURAM. 3. THE SPECIAL DEPUTY TAHSILDAR (RR), KSFE LIMTED, THIRUVANANTHAPURAM. 4. THE TAHSILDAR, TALUK OFFICE, P.O.CHITTUR, PALGHAT DISTRICT. 5. SMT.T.K.LATHIKA, VP III/357, SREE VIHAR, KULACODE, VELLANAD P.O. R1 TO R3 BY ADV. SRI.T.NAVEEN, SC, K.S.F.E. LTD. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 18/09/2007, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR,J. -------------------------------------------- W.P.C. NO. 27347 OF 2007 -------------------------------------------- Dated this the 18th day of September, 2007 JUDGMENT Petitioner is a surety for the loan availed by the fifth respondent. Even though petitioner has a case that respondents have not proceeded against other surety, standing counsel for KSFE submitted that the other surety is no more. Obviously recovery has to be against the defaulter and the petitioner. However, there will be direction to KSFE to give a detailed statement of accounts to the petitioner for the petitioner to settle liability. If the petitioner applies for incentives for early discharge of full liability, KSFE should grant it. W.P. is closed as above. (C.N.RAMACHANDRAN NAIR) Judge 2