IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC FRIDAY, THE 25TH SEPTEMBER 2009 / 3RD ASWINA 1931 WP(C).No. 999 of 2007(R) ------------------------ PETITIONER(S): --------------- PERAMANGALAM SERVICE CO-OPERATIVE BANK LTD. NO.3103, P.O.KALOOR, MOOVATTUPUZHA, REPRESENTED BY ITS SECRETARY. BY ADV. SRI.P.J.MATHEW RESPONDENT(S): --------------- 1. THE STATE OF KERALA, REPRESENTED BY THE SECRETARY TO FINANCE DEPARTMENT, GOVT. SECRETARIAT, THIRUVANANTHAPURAM. 2. THE SUB TREASURY OFFICER, MOOVATTUPUZHA, ERNAKULAM DISTRICT. 3. THE DIRECTOR OF TREASURIES, THIRUVANANTHAPURAM. MR.DILIP MOHAN, GOVERNMENT PLEADER THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 25/09/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WPC NO.999/2007 APPENDIX PETITIONER'S EXHIBITS P1 : COPY OF 61/2 YEARS TREASURY SMALL SAVINGS FIXED DEPOSIT CERTIFICATE TSFDC NO.3225/25/2000-01 ISSUED BY R2 DATED 09/05/2000. P2 : COPY OF OBJECTION PUT UP BY PASSING OFFICER UNDER R2 DATED 15/11/2006. //TRUE COPY// PA TO JUDGE. jg ANTONY DOMINIC, J. ------------------ WP(C) No.999 of 2007 -------------------------- Dated, this the 25th day of September, 2009 ------------------------------ J U D G M E N T This writ petition is filed praying for a direction to the Government to release the fixed deposits made by the petitioner co-operative society. During the pendency of the writ petition, the Government has considered the matter and issued Government Order, GO(RT) No.1045/07/Fin dated 09/02/2007, revising the interest rates and also making offers regarding the rate of interest. The mode of repayment is also stated in detail in the Government Order. It is for the petitioner to exercise its option with regard to the term of the deposit. The writ petition is disposed of making it clear that in terms of the option exercised by the petitioner, the maturity value shall be disbursed to the petitioner. 2. The learned counsel for the petitioner submits that Government Order itself is not valid. It is for the petitioner to challenge the validity of the Government Order in appropriate proceeding, if so advised. The writ petition is disposed of as above. (ANTONY DOMINIC, JUDGE) jg