IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN TUESDAY, THE 9TH DECEMBER 2008 / 18TH AGRAHAYANA 1930 WP(C).No. 14752 of 2008(Y) -------------------------------------- PETITIONER(S): ----------------------- RAJENDRA BABU, S/O.KOCHUNANU ACHARY, KUNNUVILA VEEDU, KUREEPALLY, ALUMOODU.P.O. BY ADV. SRI.C.RAJENDRAN RESPONDENT(S): -------------------------- THE AUTHORIZED OFFICER, (CHIEF MANAGER), STATE BANK OF TRAVANCORE, KUNDARA BRANCH, KOLLAM. ADV. SRI.M.PATHROSE MATTHAI (SR.) FOR R SRI.SAJI VARGHESE SD., FOR R1 THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 09/12/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C) NO.14752/2008 APPENDIX PETITIONERS EXHIBITS P1:- COPY OF THE NOTICE DT. 15.6.07. P2:- COPY OF THE RECEIPT SHOWING THE PAYMENT DT. 18.8.07. P3:- COPY OF THE PETITION SUPPORTED BY THE AFFIDAVIT. /TRUE COPY/ P.A. TO JUDGE tss THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.14752 OF 2008 ------------------------------------------- Dated this the 9th day of December, 2008 JUDGMENT Heard. The only submission made at the stage of final hearing, today, is for leave to pay off the entire outstandings subject to any One Time settlement scheme that may be available. Recording that submission and also adverting to the counter affidavit, it is ordered that if the petitioner pays an amount of Rs.50,000/- on or before 24.12.2008, a further amount of Rs.1 lakh on or before 20.1.2009 and another amount of Rs.3 lakhs on or before the last working day of February, 2009, he will be given time till the last working day of the current financial year, i.e., March 2009, to clear the entire outstandings. However, if the petitioner makes payments as aforesaid, the bank will consider giving him the facility of any scheme that would apply to him for reducing the total outstandings and this adjustment will be done as against the total amounts due and payable by him WPC.14752/08 Page numbers in march 2009. It is directed that the time limits fixed as above shall be treated as peremptory and shall not be extended in any circumstances. The writ petition is ordered accordingly. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.