← Library
High Court of KeralaOP (DRT)/145/2015disposed of

Sajeevan S v. The Authorised Officer

2015-12-08Honourable Dr. Justice A.K.Jayasankaran Nambiar4 pages

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR. JUSTICE A.K.JAYASANKARAN NAMBIAR TUESDAY, THE 8TH DAY OF DECEMBER 2015/17TH AGRAHAYANA, 1937 OP (DRT).No. 145 of 2015 (O) ----------------------------- SA .NO. 345/2015 OF DEBT RECOVERY TRIBUNAL, ERNAKULAM ------------------- PETITIONER(S) :

--------------------------

1. SAJEEVAN S., S/O.SANKARANKUTTY, RADHA HOMES, ILLIKKAPADY EROOR P.O., ERNAKULAM.

2. JEENA SAJEEVAN W/O.SAJEEVAN, RADHA HOMES, ILLIKKAPADY EROOR P.O., ERNAKULAM.

BY ADVS.SRI.N.SASI SMT.T.M.BINITHA RESPONDENT :

------------------------ AUTHORISED OFFICER FEDERAL BANK, VYTTILA BRANCH, THAMMANAM ROAD VYTTILA , PIN - 682 020.

BY ADVS. SRI.A.ANTONY SMT.LEELAMMA ANTONY THIS OP (DEBT RECOVERY TRIBUNAL) HAVING COME UP FOR ADMISSION ON 08-12-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

Mn ...2/-

OP (DRT).No. 145 of 2015 (O) ----------------------------------------- APPENDIX PETITIONERS' EXHIBITS :

------------------------------------- EXT. P1:

TRUE COPY OF THE 13 (4) NOTICE ISSUED BY THE RESPONDENT DATED 11.01.2014.

EXT. P2:

TRUE COPY OF THE SA NO.345/2015 WITHOUT ANNEXURE ON THE FILE OF THE DEBT RECOVERY TRIBUNAL, ERNAKULAM. EXT. P3:

TRUE COPY OF THE IA.NO.2288/2015 IN SA.NO.345/2015 ON THE FILE OF THE DEBT RECOVERY TRIBUNAL, ERNAKULAM.

EXT. P4:

TRUE COPY OF THE ORDER IN SA.NO.345/2015 ON THE FILE OF THE DEBT RECOVERY TRIBUNAL, ERNAKULAM DATED 07.09.2015 RESPONDENT(S)' EXHIBITS : NIL --------------------------------------------------------- //TRUE COPY// P.A. TO JUDGE Mn

A.K.JAYASANKARAN NAMBIAR, J.

=========================================== O.P.(DRT). No. 145 of 2015 ===================================================== Dated this the 8th day of December, 2015

JUDGMENT

The petitioner has approached this Court by Ext.P4 order of the Debt Recovery Tribunal, Ernakulam, in SA No.345 of 2015 whereby the Tribunal directed the petitioner to effect a payment of Rs.4,00,000/- in two installments namely, Rs.2,00,000/-on or before 29.09.2015 and a further sum of Rs.2,00,000/- on or before 31.10.2015, as a condition for staying recovery proceedings initiated against the petitioner by the respondent bank. It is the case of the petitioner that, while he has already paid an amount of Rs.1,50,000/- pursuant to Ext.P4 order, he requires some more time to comply with the directions with regard to the payment of Rs.2,50,000/-.

2.

I have heard the learned counsel appearing for the petitioner as also the learned Standing Counsel appearing for the respondent bank.

3.

On a consideration of the facts and circumstances of the case as also the submissions made across the bar, and taking note of the plea of financial hardship urged on behalf of the petitioner, I direct that, if the petitioner pays the amount of Rs.2,50,000/-

-2O.P.(DRT). No. 145 of 2015 (Rupees two lakh fifty thousand only) on or before 10.05.2016, then the same shall be treated as in compliance with the directions in Ext.P4 order of the Debt Recovery Tribunal. The writ petition is disposed as above.

Sd/- A.K.JAYASANKARAN NAMBIAR JUDGE das /8.12.15