IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 27TH MARCH 2008 / 7TH CHAITHRA 1930 WP(C).No. 10413 of 2008(M) -------------------------- PETITIONER: ------------- THRESIAMMA THOMAS, AGED 60 YEARS, W/O. THOMAS, 216, PUTHAN VEEDU, IRANJAL, KOTTAYAM. BY ADV. SRI.JOSE JOSEPH (MANNAR) RESPONDENTS: ---------------- 1. AUTHORISED OFFICER, KOTTAYAM DISTRICT CO-OPERATIVE BANK, HEAD OFFICE, KOTTAYAM. 2. THE GENERAL MANAGER, KOTTAYAM DISTRICT CO-OPERATIVE BANK, HEAD OFFICE, KOTTAYAM. BY S.C.SRI.SUNIL CYRIAC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 27/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B. RADHAKRISHNAN, J. = = = = = = = = = = = = = = = = = = = = = = = = WP(C).No.10413 of 2008-M = = = = = = = = = = = = = = = = = = = = = = = = Dated this the 27th day of March, 2008. JUDGMENT 1.Petitioner challenges Ext.P1 notice issued under the Securitization Act. She is stated to have availed a loan for her business in connection with sale of fish. She is 60 years old. She expresses her bona fide desire to wipe off the outstandings and save the property from distress action. 2.Under such circumstances, having heard the learned counsel for the petitioner and the learned standing counsel for the respondents, this writ petition is disposed of directing that if the petitioner remits at the rate of Rs.35,000/- per month payable on or before the last working day of every month commencing from WP(C)10413/08 -: 2 :- April, 2008 after paying an amount of Rs.15,000/- on or before 31-3-2008, thereby wiping off the entire outstandings, including all accruals, the impugned proceedings shall stand dropped. If there is default in remitting any of the instalments as afore-directed, the benefits of this judgment shall stand recalled automatically and the respondents will be at liberty to proceed with the impugned proceedings forthwith. THOTTATHIL B. RADHAKRISHNAN, JUDGE. Sha/