IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN WEDNESDAY, THE 3RD SEPTEMBER 2008 / 12TH BHADRA 1930 WP(C).No. 22393 of 2008(N) ------------------------------------ PETITIONER: ------------------- P.N.THANKAPPAN S/O.NARAYANAN, AGED 60 YEARS PROPRIETER M/S. P.N.T.CEMENT INDUSTRIES VELLOORKARA, KARIMUGAL,PUTHENCRUZ P.O.,ERNAKULAM BY ADV. SRI.PAUL K.VARGHESE SMT.N.ANJALI RESPONDENTS: ----------------------- 1. STATE BANK OF INDIA (SARC) R.S.BUILDINGS,(ABOVE SSI BRANCH) M.G.ROAD ERNAKULAM -11, REP. BY CHIEF MANAGER 2. STATE BANK OF INDIA AMBALAMEDU BRANCH, REP. BY BRANCH MANAGER BY ADV. SRI.V.B.HARINARAYANAN.SC FOR R1, R2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 03/09/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S.SIRI JAGAN, J ================== W.P(C)No. 22393 of 2008 ================== Dated this the 3rd day of September, 2008. J U D G M E N T The petitioner is a defaulter in repayment of loan amounts due from him to the State Bank of India. The matter is pending before the Debt Recovery Tribunal. The petitioner now seeks only consideration of Ext.P5 application for one time settlement. The learned Standing Counsel submits that no scheme for one time settlement is currently in vogue at present. But he submits that Ext.P5 can be considered as a compromise proposal. But he submits that for that, the petitioner should pay a portion of the amounts due. According to him, the amounts due now comes to more than Rs. 15 lakhs. 2. After hearing both sides, I am of opinion that for directing consideration Ext.P5 as a compromise proposal, the petitioner shall pay a portion of the amounts due. Accordingly, if the petitioner pays an amount of Rs. 2 lakhs within one month, the respondents shall consider Ext.P5 application as a compromise proposal and pass appropriate orders thereon, as expeditiously as possible. The writ petition is disposed of as above. S.SIRI JAGAN, JUDGE rhs