IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON TUESDAY, THE 7TH JULY 2009 / 16TH ASHADHA 1931 RP.No. 604 of 2009() -------------------- AGAINST THE JUDGEMENT/ORDER IN WPC.15157/2009 Dated 04/06/2009 .................... REVIEW PETITIONERS: RESPONDENTS -------------------------------------------------------- 1. THE AUTHORISED OFFICER,STATE BANK OF TRAVANCORE,KOTTARAKKARA MAIN BRANCH,KOTTARAKKARA, KOLLAM. 2. THE CHIEF MANAGER,STATE BANK OF TRAVANCORE,KOTTARAKKARA MAIN BRANCH,KOTTARAKARA, KOLLAM. BY ADV. MR. R.S.KALKURA, STANDING COUNSEL RESPONDENTS: PETITIONERS -------------------------------------------- 1. RADHAKRISHNAN.L,KANJIRAMVILA PUTHEN VEEDU,KATTAYIL,ODANAVATTOM.PO,KOLLAM DISTRICT. 2. VIJAYASREE RADHAKRISHNAN,KANJIRAMVILA PUTHEN VEEDU,KATTAYIL,ODANAVATTOM.PO, KOLLAM DISTRICT. ADV. MR. S.SUDHEESHKAR THIS REVIEW PETITION HAVING COME UP FOR ADMISSION ON 07/07/2009, THE COURT ON THE SAME DAY PASSED THE FOLLOWING: P.R. RAMACHANDRA MENON J. ~~~~~~~~~~~~~~~~~~~~~~~ R.P. No. 604 of 2009 IN W.P. (C) No. 15157 of 2009 ~~~~~~~~~~~~~~~~~~~~~~~ Dated, this the 7th day of July, 2009 ORDER This Review Petition has been filed by the respondent Bank in the Writ Petition stating that, the minimum amount of Rs.1.5 lakhs was necessary to clear the defaulted arrears was Rs. 1.5 lakhs, to have the loan account regularized, despite which, a positive direction was given by this Court to regularize the loan account on condition that, the petitioner remitted a sum of Rs.1 lakh within one month. The learned counsel for the review petitioner submits that the actual amount for having the loan account regularized could not be ascertained on the day when the Writ Petitioner was disposed of vide judgment dated 4.6.2009, which hence is sought to be reviewed. 2. The petitioners in the Writ Petition have come up with I.A. 8105 of 2009, seeking for extension of time by two months for complying with the direction imposed by this Court while passing the verdict on 4.6.2009. The said petitioners, who are respondents 1 and 2 in the Review Petition have also filed a counter affidavit to the review petition. 3. After hearing both the sides, this Court finds that, the actual amount to be deposited by the petitioners in the Writ Petition to have R.P. No. 604 of 2009 in WP (C) No. 15157 of 2009 : 2 : the loan account regularized will Rs.1.5 lakhs, instead of Rs. 1 lakh as ordered in the judgment dated 4.6.2009, which hence stands modified. 4. In view of the modification as above, I.A. 8105 of 2009 filed by the petitioners in the Writ Petition for enlargement of time is also allowed, to the extent that they will be given a further period of one month from to day to satisfy the condition as aforesaid. It is also made clear that, if any default is committed from the part of the petitioners in satisfying the requirement as above or if any two consecutive defaults are committed by the petitioners, in remitting the regular EMIs as ordered in the judgment dated 4.6.2009, the respondent Bank will be at liberty to proceed with further coercive steps, from the stage where it now stands, for realization of the entire amount in lump sum. The Review Petition is disposed of as above. P. R. RAMACHANDRA MENON, JUDGE kmd