IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON MONDAY, THE 17TH MAY 2010 / 27TH VAISAKHA 1932 WP(C).No. 12798 of 2010(Y) -------------------------- PETITIONER(S): --------------- RAJAN P.K.,AGED 52 YEARS,S/O.KESAVAN, PARAPPURATH HOUSE,RAJAKUMARY P.O., VELUMBANCHOLA TALUK,IDUKKI DISTRICT. BY ADV. SRI.P.P.BIJU RESPONDENTS: --------------- 1. THE SECRETARY, KERALA HOUSING BOARD, THIRUVANANTHAPURAM. 2. THE CHIEF REVENUE OFFICER, KERALA STATE HOUSING BOARD, THIRUVANANTHAPURAM. BY SRI.A.JAYASANKAR - SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 17/05/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R.RAMACHANDRA MENON, J --------------------------- W.P(C) No.12798 of 2010-Y ---------------------------- Dated this the 17th day of May, 2010. J U D G M E N T The petitioner had availed a 'housing loan' of Rs.1 lakh from the respondent Bank in the year 2000; but because of some unforeseen circumstances, the petitioner could not satisfy the repayment on time, which made the respondent to cause the property to be attached, as borne by Ext.P1 notice, which is under challenge in this Writ Petition. 2. The learned counsel for the petitioner submits that the default was never wilful and that the petitioner is taking earnest effort to clear the liability at the earliest and further that the only prayer now pressed before this Court is to have the benefit of some instalments. 3. Heard the learned standing counsel, who submits on instructions that the Government has already declared extended the One Time Settlement Scheme, which is very much available till 30.9.2010. Despite the fact that the petitioner is actually to satisfy a total sum of Rs.3,06,734/- as on 30.9.2010, which is the last date to avail the benefit of One Time Settlement, it is pointed by the learned standing counsel that the petitioner needs to satisfy only a W.P(C) No.12798 of 2010-Y 2 sum of Rs.2,10,470/- under the One Time Settlement and if the amount satisfied as above, the loan account will be closed and the title deeds will be returned. 4. The learned counsel for the petitioner submits that the petitioner is ready and willing to satisfy the liability under the One Time Settlement and that a sum of Rs.30,000/- will be paid immediately. 5. In the above circumstances, the petitioner is permitted to effect the payment as aforesaid and the entire liability under the One Time Settlement shall be cleared on or before 30.9.2010. Subject to this, all further coercive proceedings shall be kept in abeyance, for the time being. The payment as above shall be made by the petitioner in the concerned branch of the respondent Board. It is also made clear that if any default is made by the petitioner in satisfying the liability under the One Time Settlement, the respondents will be at liberty to proceed with further steps for realisation of the entire amount in lump. The Writ Petition is disposed of. P.R.RAMACHANDRA MENON JUDGE ab