IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 1ST FEBRUARY 2008 / 12TH MAGHA 1929 WP(C).No. 3885 of 2008(K) ------------------------- PETITIONER: ------------------ M.VIJAYALAKSHMI, W/O.V.GOPALAN, VADAKKEDATH HOUSE, BALUSSERY P.O., KOZHIKODE DISTRICT. BY ADV. SRI.SANTHARAM.P RESPONDENTS: ----------------------- 1. STATE BANK OF TRAVANCORE, BALUSSERY AD BRANCH, BALUSSERY, KOZHIKODE DISTRICT, REPRESENTED BY ITS MANAGER. 2. THE AUTHORISED OFFICER, STATE BANK OF TRAVANCORE, ZONAL OFFICE, KOZHIKODE 673004. SC SRI.SAJI VARGHESE. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 01/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Thottathil B. Radhakrishnan, J. ================================== W.P.(C)No.3885 of 2008 ================================== Dated this the 1st day of February, 2008. JUDGMENT Having argued the matter for quite sometime on the merits of the case, the learned counsel for the petitioner requests for an opportunity for his client to negotiate with the Bank with an intention to find out whether any settlement could be arrived at because, the Bank wants the petitioner to settle the transaction in her name and also in the name of her husband for which the property proceeded against is also a security. Under such circumstances, this writ petition is disposed of directing that if the petitioner remits 50% of the amount demanded as per Ext.P5 within a period of three weeks, the Bank will consider any request of the petitioner for further slashing the amounts stated in Ext.P5 and action will be taken WPC3885/2008 -:2:- thereafter. To aid such process, recovery proceedings shall stand suspended for a period of two months. The question of settlement will also be considered within a period of one month from the date of deposit of the amount as afore-directed. Thottathil B.Radhakrishnan, Judge. sl.