IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN MONDAY, THE 26TH MAY 2008 / 5TH JYAISHTA 1930 WP(C).No. 14940 of 2008(C) -------------------------- PETITIONER: ------------ K.V.GOPI, S/O.VALLON, AGED 48, KODUMBIL HOUSE, S.CHITTOOR, CHERANELLOOR. BY ADV. SRI.R.DIVAKARAN RESPONDENTS: ------------- 1. KERALA STATE FINANCIAL ENTERPIRSES LTD., REPRESENTED BY THE BRANCH MANAGER, KSFE KACHERYPAD, KOCHI-18. 2. SPECIAL DEPUTY TAHSILDAR(R.R), KSFE LTD., I.S.PRESS ROAD, BANERJI ROAD, KOCHI-18. 3. ASST.MANAGER, ACCOUNTS SECTION, COCHIN SHIPYARD LTD., KOCHI-15. BY ADV. SRI.ASOK M.CHERIYAN, SC, K.S.F.E. LTD. FOR R.1,2 ADV. SRI. M.L. SAJEEV ADV. SRI. E.K. NANDAKUMAR THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/05/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W. P (C) No. 14940 of 2008 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 26th May, 2008. J U D G M E N T Petitioner is a defaulter in repayment of loan amounts due from him to the 1st respondent. Coercive proceedings have been initiated by respondents 1 and 2 for recovery of the amount from the petitioner's salary. The petitioner now submits that he is ready to discharge the entire liability by paying the amounts in six monthly instalments. The standing counsel opposes the prayer. However, I feel that the petitioner can be allowed to pay off the amounts in six monthly instalments. Accordingly, the writ petition is disposed of with the following directions. 2. The petitioner shall pay the outstanding amounts in six equal monthly instalments starting from 15-6-2008. Subsequent instalments shall be paid on the first working day after 14th of every succeeding month. If the petitioner pays the instalments in time, further coercive proceedings shall be kept in abeyance. However, if the petitioner fails to pay any one instalment on the due date, it would be open to the respondents to continue proceedings as now initiated without having to issue any fresh notice or proceedings in that regard. Sd/- S. Siri Jagan, Judge. Tds/ [True copy] P.S to Judge.