IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.N.RAVINDRAN SATURDAY, THE 20TH AUGUST 2011 / 29TH SRAVANA 1933 WP(C).No. 13888 of 2011(I) ------------------------------------- PETITIONERS: --------------------- 1. B.PRADEEP KUMAR, PALLICKATHOTTATHIL VEEDU, MANGARAM, KONNI P.O., PATHANAMTHITTA DISTRICT. 2. AJITHA PRADEEP, PALLICKATHOTTATHIL VEEDU, MANGARAM, KONNI P.O., PATHANAMTHITTA DISTRICT. BY ADVS. SRI.V.G.ARUN, SRI.T.R.HARIKUMAR. RESPONDENTS: ------------------------ 1. KERALA STATE CO-OPERATIVE BANK LTD., CO-BANK TOWERS, TRIVANDRUM-695 001, REPRESENTED BY ITS MANAGING DIRECTOR. 2. THE JOINT REGISTRAR (ARBITRATOR), KERALA STATE CO-OPERATIVE BANK LTD., TRIVANDRUM-695 001. 3. THE JOINT REGISTRAR (GENERAL) OF CO-OPERATIVE SOCIETIES, TRIVANDRUM-695 001. 4. THE REGISTRAR OF CO-OPERATIVE SOCIETIES, TRIVANDRUM-69 5001. R1 BY SRI.NAGARAJ NARAYANAN,S.C, R2 TO R4 BY GOVT. PLEADER SRI. P.M. MANOJ. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 20/08/2011,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C). NO.13888/2011-I: APPENDIX PETITIONERS' EXHIBITS: EXT.P.1: COPY OF THE A.R.C. NO.99/2002 ALONG WITH SUMMONS OF THE JOINT REGISTRAR (ARBITRATOR), KERALA STATE CO-OPERATIVE BANK LTD., TRIVANDRUM DTD. 29/02/2005. EXT.P.2: COPY OF THE PASS BOOK OF THE P.1. EXT.P.3: COPY OF THE JUDGMENT IN W.P.(C).NO.18227/2008 DT.D 18/06/2008. EXT.P.4: COPY OF THE DEMAND DRAFT FOR RS.300,000/- DTD. 15/07/2008. EXT.P.5: COPY OF THE DEMAND DRAFT FOR RS 110,000/- DTD. 19/07/2008. EXT.P.6: COPY OF THE DEMAND DRAFT FOR RS.90,000/- DTD. 04/08/2008. EXT.P.7: COPY OF THE SUMMONS ISSUED IN ARC.NO.99/2002 OF THE SPECIAL ARBITRATOR/DEPUTY REGISTRAR OF CO-OPERATIVE SOCIETIES, TRIVANDRUM DTD.10/12/2009. EXT.P.8: COPY OF THE ACCOUNT STATEMENT IN C.C. A/C.NO.24 OF THE PETITIONERS. EXT.P.9: COPY OF THE REQUEST BY THE P.1. FILED BEFORE PATHANAMTHITTA BRANCH OF THE R.1. EXT.P.10: COPY OF THE APPLICATION BY THE P.1. FILED BEFORE THE R.1. DTD. 25/01/2011. EXT.P.11: COPY OF THE REPRESENTATION FILED BEFORE THE MINISTER OF CO- OPERATION DTD. 24/02/2011. EXT.P.12: COPY OF THE INTIMATION ISSUED TO THE P.1. FROM THE OFFICE OF THE MINISTER OF CO-OPERATION, TRIVANDRUM DTD. 01/03/2011. RESPONDENTS' EXHIBITS: NIL. //TRUE COPY// P.S. TO JUDGE. Prv. P.N.RAVINDRAN, J. ----------------------------------------- W.P(C).No.13888 of 2011 ----------------------------------------- Dated this the 20th August, 2011 JUDGMENT Learned counsel appearing for the first respondent bank submitted on instructions that in terms of Circular No.41/2011 dated 23.6.2011, which is in force till 15th September 2011, by virtue of Circular No.62/2011 dated 12.8.2011, the loan account can be closed in the event of the petitioners paying the sum of Rs.10,24,104/-, the amount due as on 31st of July 2011. Learned counsel for the petitioners submitted that the petitioners are willing to deposit the said sum before 15th September, 2011, the last date stipulated in Circular No.62/2011. In the light of the agreement between the parties I dispose of the writ petition with a direction that in the event of the petitioners depositing the sum of Rs.10,24,104/- in lump on or before 15.9.2011, the respondent bank will close the loan account and return the documents of title deposited by the petitioners after recording full satisfaction of the award. In the event of the petitioners committing default it will be W.P(C).No.13888 of 2011 -:2:- open to the first respondent bank to proceed to recover the entire amount due from the petitioners in terms of the award by instituting appropriate proceedings. P.N.RAVINDRAN, Judge. ahg. P.N.RAVINDRAN, J. --------------------------- W.P(C).No.13888 of 2011 ---------------------------- JUDGMENT 20th August, 2011