IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.T.RAVIKUMAR WEDNESDAY, THE 24TH NOVEMBER 2010 / 3RD AGRAHAYANA 1932 WP(C).No. 27105 of 2010(K) -------------------------------------- PETITIONER: ------------------- B.S.REJIYA, W/O.B.BABU JAYARAJ, MAGITA, PATTATHANAM, KOLLAM-691 021. BY ADV. SRI.GOPAKUMAR R.THALIYAL. RESPONDENTS: ------------------------ 1. PEROORKADA SERVICE CO-OP. BANK LTD., NO.1412, REP. BY ITS SECRETARY, PEROORKADA, THIRUVANANTHAPURAM-695 005. 2. THE PRESIDENT, PEROORKADA SERVICE CO-OP. BANK LIMITED, NO.1412, PEROORKADA, THIRUVANANTHAPURAM-695 005. 3. THE JOINT REGISTRAR (GENERAL), CO-OPERATIVE SOCIETIES, THIRUVANANTHAPURAM- 33. 4. THE ASSISTANT REGISTRAR (GENERAL), CO-OPERATIVE SOCIETIES, THIRUVANANTHAPURAM – 33. R1 & R2 BY ADV. SRI.N.UNNIKRISHNAN, R3 & R4 BY GOVT. PLEADER SRI. BASANT BALAJI. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 24/11/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. C.T. RAVIKUMAR, J - - - - - - - - - - - - -- - - - - - - - - - - - - - - - W.P.(C)No.27105 OF 2010 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 24th day of November, 2010 J U D G M E N T The petitioner has availed a loan of Rs.2 lakhs from the first respondent. The failure on the part of the petitioner to effect repayment towards the said loan account constrained the first respondent to resort to coercive steps. This writ petition has been filed mainly seeking for issuance of a writ of mandamus commanding the respondent to grant instalment facility to the petitioner for repayment of the arrears of loan. 2. I have heard the learned counsel for the petitioner as also the learned Standing Counsel for the respondents 1 and 2. 3. The respondents 1 and 2 have filed counter affidavit in this writ petition. In paragraph 4 and 5 they specifically given the facts and figures and as per the statement therein in case the petitioner is desirous to settle the loan account by availing one time settlement on a compromise formula he has to pay an amount of Rs.2,30,000/-. In short, according to the first respondent a lump sum payment of Rs.2,30,000/- is required to settle the loan account as against an otherwise payable amount WPC.27105/2010 : 2 : of Rs.3,82,051/-. The learned counsel appearing for the petitioner submitted that the petitioner will discharge the entire liability by paying the aforementioned amount of Rs.2,30,000/- and sought two months' time for effecting the said payment. This writ petition is disposed of taking notice of the submission made by the learned counsel for the petitioner as also the learned standing counsel for the respondents 1 and 2. The respondents shall keep in abeyance all coercive steps taken in this matter till the 1st day of February, 2011 to enable the petitioner to pay the aforesaid amount of Rs.2,30,000/- in lump, within a period of two months from today. It is made clear that in case, a failure on the part of the petitioner to effect payment as mentioned above, it will be open to the first respondent to proceed with the steps taken for realising the amount from the petitioner. Sd/- (C.T. RAVIKUMAR, JUDGE) jma // true copy// P.A to Judge