IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON WEDNESDAY, THE 3RD FEBRUARY 2010 / 14TH MAGHA 1931 WP(C).No. 1659 of 2010(F) ------------------------------------- PETITIONER: ------------------- RAJEEV SHARMA, AGED 36 YEARS, S/O.M.T.CHANDRAN, MADATHIL VEEDU, CHIRAKKAL P.O., KANNUR DISTRICT. BY ADV. SMT.P.K.PRIYA. RESPONDENTS: ------------------------ 1. THE REGIONAL MANAGER/AUTHORISED OFFICER, KERALA STATE CO-OPERATIVE BANK, KOZHIKODE. 2. THE BRANCH MANAGER, KERALA STATE CO-OPERATIVE BANK, KANNUR BRANCH, P.O.KANNUR, KANNUR DISTRICT. 3. ERANJIKKAL NANU @ NARAYANAN, S/O.KELAPPAN, SHANTHI NILAYAM, PUZHATHI, KOTTALI, KANNUR DISTRICT. R1 & R2 BY MR.NAGARAJ NARAYANAN,SC,K.S.CO-OP BANK. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 03/02/2010,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. P.R.RAMACHANDRA MENON, J. =~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~= W.P.(C) No. 1659 of 2010 =~=~=~=~=~=~=~=~=~=~=~=~=~=~=~=~= Dated this the 3rd day of February, 2010 JUDGMENT The case of the petitioner is that coercive steps taken by the respondent bank under the Revenue Recovery Act are not correct or proper, particularly since the petitioner's loan account has not become 'NPA', as per the Reserve Bank of India Guidelines, which hence is under challenge in this writ petition. 2. Learned counsel appearing for the respondent bank submits that the petitioner can very well approach the 1st respondent with a request to re-schedule the loan, which will be considered and appropriate orders will be passed, so as to facilitate re-payment in the most appropriate manner, simultaneously, adding that till such appropriate orders are passed, no further recovery proceedings will be pursued against the petitioner. 3. In the above circumstances, the petitioner is permitted to approach the 1st respondent by filing an application to re-schedule the loan as aforesaid and if any such application is filed within two weeks from the date of receipt of a copy of this judgment, the 1st W.P.(C) No. 1659/2010 2 respondent shall consider the same and pass appropriate orders thereon, in accordance with law as expeditiously as possible. Subject to the above, all further proceedings pursuant to Ext.P1 shall be kept in abeyance. The Writ Petition is disposed of as above. P.R.RAMACHANDRA MENON, JUDGE mn.