IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 20TH NOVEMBER 2008 / 29TH KARTHIKA 1930 WP(C).No. 34186 of 2008(T) ---------------------------------------- PETITIONER(S): ------------------------ MANUAL.T, S/O. DEVADAS, J.J. BHAVAN, NARMADA JUNCTION, CHEMPAZHANTHI.P.O, SREEKARIYAM, THIRUVANANTHAPURAM - 695 587. BY ADV. SRI.WILSON URMESE RESPONDENT(S): ---------------------------- 1. THE AUTHORISED OFFICER, THE KERALA STATE CO-OPERATIVE BANK LTD., REGIONAL OFFICE, OVER BRIDGE JUNCTION, THIRUVANANTHAPURAM - 695 001. 2. THE BRANCH MANAGER, THE KERALA STATE CO-OPERATIVE BANK LTD., MEDICAL COLLEGE BRANCH, THIRUVANANTHAPURAM. ADV. SRI. NAGARAJ NARAYANAN, SC, KSCO-OP.BANK FOR R1&R2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20/11/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss Thottathil B. Radhakrishnan, J. ================================== W.P.(C)No.34186 of 2008 ================================== Dated this the 20th day of November, 2008. JUDGMENT The petitioner availed a mortgage loan in January, 2006. He failed to repay the EMI fixed. Though the transaction is for 10 years, the outstandings have been recalled since the account became sticky and was classified as NPA. The bank fairly states that it would be able to regularise the transaction on payment of Rs.3,55,000/- plus notice charges and other expenditures due as securitisation charges. The outstandings are not disputed. There is no jurisdictional error or legal infirmity in the impugned proceedings. Under such circumstances, this writ petition is ordered directing that if the petitioner remits the amounts as aforesaid within 45 days and continues to make payments to the satisfaction of the bank, the account will stand WPC34186/08 -:2:- regulated accordingly. Thottathil B.Radhakrishnan, Judge. sl.