IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE V.GIRI TUESDAY, THE 14TH JULY 2009 / 23RD ASHADHA 1931 WP(C).No. 18972 of 2009(N) -------------------------- PETITIONER(S): --------------- CHANDRAN ACHARI, AGED 52 YEARS, S/O.THANKAPPAN ACHARI, PARUTHIPARAMBIL PADINJARATHIL, PALLANA P.O., THRIKKUNNAPPUZHA. BY ADV. SRI.B.PRAMOD RESPONDENT(S): --------------- KERALA FINANCIAL CORPORATION, ALAPPUZHA BRANCH, KUMARANASSAN SMARAKA MANDIRAM COURT ROAD, ALAPPUZHA, REPRESENTED BY ITS MANAGER. BY SC SRI.S.SREEKUMAR THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 14/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: V.GIRI, J ------------------- W.P.(C).18972/2009 -------------------- Dated this the 14th day of July, 2009 JUDGMENT Petitioner was sanctioned a loan of Rs.1,20,000/- for starting a furniture manufacturing unit. The property belonging to the petitioner was mortgaged as well. A lesser amount was disbursed to the petitioner. Repayment of that was defaulted. Petitioner applied for One Time Settlement scheme. He was given the benefit of the Scheme and was directed to pay an amount of Rs.1,60,000/- as balance amount. The petitioner has sought for an extension of time to pay the amount fixed under the OTS Scheme. Learned Standing Counsel, on instructions, submits that the Corporation will accept the amount fixed under the OTS Scheme provided the petitioner pays the amount on or before 30.9.2009 in lump or in instalments with interest for the period from 30.6.2009 till the date of payment. Submission is recorded. Writ petition is accordingly disposed of. V.GIRI, Judge mrcs