IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE J.M.JAMES TUESDAY, THE 12TH DECEMBER 2006 / 21ST AGRAHAYANA 1928 WP(C).No. 33031 of 2006(G) -------------------------- PETITIONER: ------------- ROMEO JACOB, S/O.JACOB, MEKKATTUKULAM VEEDU, MUNDUR DESOM, ANJUR VILLAGE, THRISSUR TALUK. BY ADV. SRI.R.MANOJ SMT.SINDHU MANOJ RESPONDENTS: ----------------- 1. THE GENERAL MANAGER, THRISSUR DISTRICT CO-OP. BANK, 60, THRISSUR. 2. THE KERALA CO-OP. TRIBUNAL, THIRUVANANTHAPURAM. BY GOVT. PLEADER SRI.P.K.RAVIKRISHNAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 12/12/2006, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: J.M. JAMES, J. ------------------------------- W.P.(C) No.33031 of 2006 ------------------------------- Dated this the 12th December, 2006. J U D G M E N T The writ petitioner is an alleged defaulter. An award has been passed by the Arbitration Court for an amount of Rs.6,25,302/= with interest at the rate of 18% per annum, on the principal amount of Rs.3,93,235/= from 1.6.2004. Challenging the same, petitioner has approached the Co-operative Tribunal, Thiruvananthapuram, through Revision Petition No.229/2006. The Tribunal while passing an order in the interlocutory application and granting a stay, directed the petitioner to remit an amount of Rs.1,30,000/= as a condition precedent. The writ petitioner is before this Court praying to modify the said condition of remittance of Rs.1,30,000/=, as he is unable to pay the said amount in a lump, within a short period. 2. I have heard the arguments advanced by the learned counsel appearing for the writ petitioner, the learned Senior Government Pleader and the counsel appearing for the first respondent. W.P.(C) No.33031/2006 2 3. Considering the circumstances of this case, without entering into any discussion on the merit of the matter, I dispose of the writ petition, sustaining the interim stay granted by the Co- operative Tribunal, Thiruvananthapuram, on 18.11.2006, but modifying the condition of Rs.1,30,000/= to Rs.75,000/=. This amount of Rs.75,000/= shall be paid on or before 30.12.2006. 4. However, I make it clear that the Tribunal shall expedite the disposal of the revision petition pending before it. J.M. JAMES, JUDGE nj.