IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 28TH MARCH 2008 / 8TH CHAITHRA 1930 WP(C).No. 10511 of 2008(B) -------------------------- PETITIONER: -------------- PALLIYALITHODI UNNEEN KUTTY S/o ITHALU AKAMPADAM, ERANJIMANGAD P.O., MALAPPURAM DISTRICT BY ADV. SRI.P.SAMSUDIN RESPONDENTS: ----------------- 1. THE AUTHORISED OFFICER (DEPUTY GENERAL MANAGER) NILAMBUR CO-OPERATIVE URBAN BANK LTD, HEAD OFFICE, NILAMBUR 2. THE NILAMBUR CO-OPERATIVE URBAN BANK LTD REPRESENTED BY ITS GENERAL MANAGER, HEAD OFFICE, NILAMBUR 3. THE REGISTRAR OF CO-OPERATIVE SOCIETIES, THIRUVANANTHAPURAM R1 & R2 BY STANDING COUNSEL SRI DEVAPRASANTH R3 BY SR GOVT PLEADER SRI ANU SIVARAMAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B. RADHAKRISHNAN, J. -------------------------------------------------------------- W.P.C. No 10511 of 2008 ------------------------------------------------------------- Dated this the 28th March 2008 JUDGMENT Heard learned counsel for the petitioner, Standing Counsel for the first respondent and the Senior Government Pleader for third respondent. 2. Having heard learned counsel for the parties I am satisfied that the parties have come to a reasonable understanding regarding the liquidation of the understandings and recording the submission made in this behalf, this writ petition is disposed of directing that if the petitioner remits a sum of Rs 25,000/- on or before 31.03.2008 and the balance amount and accruals in four equal monthly instalments payable on or before the first of working day of every month commencing from April 2008 the impugned distress action shall be dropped. If there is any default in payment of any of the instalments as aforesaid the benefit of this judgment will be recalled and the respondents will be at liberty to proceed against the petitioner. Sd/- THOTTATHIL B. RADHAKRISHNAN Judge 28/03/2008 en/ [true copy]