IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN TUESDAY, THE 15TH JANUARY 2008 / 25TH POUSHA 1929 WP(C).No. 454 of 2008(D) ----------------------------------- PETITIONER: ------------------- T.K.SUGATHAN, THANAPARAMBIL HOUSE, THAMARAYOOR P.O., KOTTAPADY VIA, THRISSUR DISTRICT BY ADV. SRI.NAGARAJ NARAYANAN SRI.SAIJO HASSAN SRI.A.S.SABU RESPONDENT: --------------------- THE SENIOR MANAGER, THRISSUR DISTRICT CO-OPERATIVE BANK LIMITED, GURUVAYOOR BRANCH, GURUVAYOOR. BY ADV. SRI.V.G.ARUN,SC,THRISSUR DIST.CO-OP BANK & SRI.T.R.HARIKUMAR,SC,THRISSUR DIST.CO.OP. BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 15/01/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ----------------------------------- W.P.(C).No. 454 of 2008-D ------------------------------------ Dated this the 15th day of January, 2008. J U D G M E N T The petitioner and others have liability under an arbitration award in favour of the respondent. All that he requested is for extending the benefit of One-Time-Settlement. (2). The learned counsel for the respondent, on instruction, submits that, the amount which had accrued to over Rs.48 lakhs could be wiped off by the petitioner on the benefit of One-Time-Settlement, if an amount of around Rs.34 lakhs is deposited as fixed by the Bank as on 31-12-2007. This is recored and it is directed that, if the amount as aforesaid is deposited with further accruing interest till the date of payment, the loan shall be treated as settled. However, any such deposit shall be made before the end of January, 2008. Otherwise, the Bank will be entitled to enforce recovery steps for the entire amounts, without giving any allowance by way of One-Time-Settlement Scheme. The writ petition is disposed of as above. THOTTATHIL B.RADHAKRISHNAN, JUDGE. MS