Sasidharan P.C v. Canara Bank

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR.JUSTICE K.VINOD CHANDRAN MONDAY, THE 25TH DAY OF MAY 2015/4TH JYAISHTA, 1937 WP(C).No. 4553 of 2015 (T) --------------------------- PETITIONER(S):

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1. SASIDHARAN P.C., CHITRITA HOUSE NO.PPIV/90 A KP. ROAD, PALLIKKUNNU, KANNUR - 670 004.

2. MISS MEGHA SASIDHARAN, D/O.P.C.SASIDHARAN, CHITRITA HOUSE NO PPIV/90 A KP ROAD, PALLIKKUNNU, KANNUR - 670 004.

BY ADVS.SRI.M.RAMESH CHANDER (SR.) SRI.ANEESH JOSEPH SMT.DENNIS VARGHESE.

RESPONDENT(S):

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1. CANARA BANK, SOUTH BAZAR KANNUR - 670 002, REPRESENTED BY ITS REGIONAL MANAGER.

2. BRANCH MANAGER, CANARA BANK, KANNUR - 670 002.

R1 BY ADV. SRI.P.K.RAVISANKAR, BY SRI.P AULY MATHEW MURICKEN, SC,CANARA BANK. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 25-05-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

rvs.

WP(C).No. 4553 of 2015 (T) APPENDIX PETITIONER(S)' EXHIBITS :

----------------------- EXT. P1PHOTOSTAT COPY OF MODEL EDUCATION SCHEME APPROVED BY THE MINISTRY OF FINANCE, GOVERNMENT OF INDIA. EXT. P2PHOTOSTAT COPY OF THE PLC NO.60/2014 FILED BY THE RESPONDENTS BEFORE THE TALUK LEGAL SERVICES COMMITTEE, KANNUR.

EXT. P3PHOTOSTAT COPY OF THE REPRESENTATION BEFORE THE MANAGER OF CANARA BANK, KANNUR DATED 05/05/2014. EXT. P4THE PHOTOSTAT COPY OF THE COMPLAINT SUBMITTED BY THE PETRITIONERS BEFORE THE BANKING OMBUDSMAN DATED 19/06/2014.

EXT. P5PHOTOSTAT COPY OF THE OBJECTION FILED BY THE BANK BEFORE THE BANKING OMBUDSMAN DATED 29/09/2014. EXT. P6PHOTOSTAT COPY OF THE ORDERS OF THE BANKING OMBUDSMAN DATED 14/10/2014.

EXT. P7PHOTOSTAT COPY OF THE NOTICE ISSUED TO THE PETITIONERS BY THE BRANCH MANAGER OF CANARA BANK, KANNUR DATED 06/12/2014.

RESPONDENT(S)' EXHIBITS :

------------------------ NIL.

/TRUE COPY/ P.A.TO JUDGE RVS.

K. VINOD CHANDRAN, J.

----------------------------------------------------- W.P.(C). No. 4553 of 2015 (T) ------------------------------------------------------ Dated this the 25th day of May, 2015

J U D G M E N T

The petitioners were aggrieved with the recovery steps initiated with respect to the educational loan availed and default committed.

2.

The learned counsel appearing for the respondent Bank submits that the petitioners have deposited an amount of 1.5 lakhs and have also made a proposal for One Time Settlement. It is also submitted that the same would be considered and only after that recovery steps would be initiated, that too after issuing a written order on the One Time Settlement Scheme to the petitioners.

Leaving open all contentions, the Writ Petition would stand disposed of on the above undertaking.

Sd/- K.VINOD CHANDRAN, JUDGE jjj