IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 26TH MAY 2009 / 5TH JYAISHTA 1931 WP(C).No. 13821 of 2009(W) -------------------------- PETITIONER(S): --------------- 1. RAJESWARI, W/O.MURALEEDHARAN, PARATHALA HOUSE, ARANATTUKARA, ELTHUDUTH P.O. 2. PADMAVATHY, PADANTHALA HOUSE, ARANATTUKARA, ELTHUDUTH-PO. BY ADV. SRI.N.K.MOHANLAL RESPONDENT(S): --------------- 1. MANAGER, THRISSUR DISTRICT CO-OPERATIVE BANK, AYYANTHOLE BRANCH, THRISSUR. 2. GENERAL MANAGER, THRISSUR DISTRICT CO- OPERATIVE BANK LIMTED, THRISSUR. 3. JOINT REGISTRAR OF CO-OPERATIVE SOCIETIES, THRISSUR. BY SC SR. P.C. SASIDHARAN BY GOVT. PLEADER SRI. K.C. SANTHOSH KUMAR THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/05/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC,J. --------------------- W.P.(C).No.13821 OF 2009 ------------------------ Dated this the 26th day of May, 2009. JUDGMENT Petitioners, who have availed of loans from the respondent Bank pray that they be given some time for paying the defaulted amount and on that basis, direct the Bank to restore the loan facility. 2. I heard the Standing Counsel appearing for the respondent Bank. On instructions counsel submits that the total amount due from the first petitioner is Rs.3,96,000/- with interest and that the 2nd Petitioner owes Rs. 2,73,908/- with interest thereon. It is stated that, although the loan has since been recalled, still, if the petitioners are willing to clear the defaulted amount with interest within a reasonable time, Bank can consider restoration of the loan facility. WP(c).No.13821/09 2 3. Having heard the submission made by both sides, I am inclined to think that the suggestion made by the Standing Counsel for the Bank is very fair. Accordingly the writ Petition is disposed of as follows; That the Petitioners shall remit the defaulted amounts now due to the Bank with interest there on in two instalments. The first instalment with interest should be paid on or before 25.6.2009 and the balance with interest shall be paid on or before 25.7.2009. On such payment, the Bank shall restore the loan facility and the instalments due shall be continued to be paid. Needless to say that, in case of default in paying the instalments as ordered above, Bank will be free to initiate recovery proceedings. (ANTONY DOMINIC) JUDGE vi/ WP(c).No.13821/09 3