High Court of KeralaWP(C)/10285/2015disposed of

Sasidharan T.G v. Teh Chief Recovery Officer

2015-03-30Honourable Mr.Justice V.Chitambaresh3 pages

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR.JUSTICE V.CHITAMBARESH MONDAY, THE 30TH DAY OF MARCH 2015/9TH CHAITHRA, 1937 WP(C).No. 10285 of 2015 (I) ------------------------------------- PETITIONER:

-------------------------- SASIDHARAN T.G THEKKEPARAMBIL HOUSE RAJAKKAD P.O., VALYAKANDAM KARA RAJAKKAD VILLAGE, UDUMBANCHOLA IDUKKI DISTRICT BY ADV. SRI.P.K.SHAJU RESPONDENTS:

---------------------------- 1.

THE CHIEF RECOVERY OFFICER, THE IDUKKI DISTRICT CO-OPERATIVE BANK LTD. HEAD OFFICE, IDUKKI, IDUKKI COLONY P.O., 685 602 2.

THE IDUKKI DISTRICT CO-OPERATIVE BANK LTD.

RAJAKKAD BRANCH, IDUKKI - 685 605 REPRESENTED BY ITS BRANCH MANAGER R2 BY SRI.LIJI J.VADAKKEDOM, SC, IDUKKI DIST. CO. OP.BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 30-03-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

WP(C).No. 10285 of 2015 (I) APPENDIX PETITIONER(S)' EXHIBITS ------------------------------------- P1 :

COPY OF THE PASSBOOK ISSUED BY THE 2ND RESPONDENT P2 :

COPY OF THE MEDICAL CERTIFICATE P3 COPY OF THE NOTICE DATED 04.03.2015 ISSUED BY THE 1ST RESPONDENT RESPONDENT(S)' EXHIBITS:- NIL --------------------------------------- /TRUE COPY/ P.A. TO JUDGE

V. CHITAMBARESH, J --------------------------------------- W.P.(C). NO. 10285 OF 2015 ---------------------------------------- Dated this the 30th day of March, 2015

JUDGMENT

The petitioner enjoys OLCC facility extended by the second respondent bank. The bank is willing to renew the benefit to the petitioner. This can also be subject to the condition that the overdue amount is paid. The overdue amount as on today comes to about Rs. 1,75,000/-. 2.

I permit the petitioner to pay the overdue amount in four equal monthly instalments starting from 16.04.2015. The coercive steps shall be put on hold if the petitioner complies with the conditions in time. The coercive steps can surge ahead if the petitioner commits default in the payment of any one of the instalments as directed. The OLCC facility shall be renewed on the petitioner clearing the overdue amount.

The writ petition is disposed of.

V. CHITAMBARESH JUDGE