High Court of KeralaWP(C)/13511/2015disposed of

Rakhi v. The State Bank Of Travancore

2015-05-05Honourable Smt. Justice P.V.Asha3 pages

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE SMT. JUSTICE P.V.ASHA TUESDAY, THE 5TH DAY OF MAY 2015/15TH VAISAKHA, 1937 WP(C).No. 13511 of 2015 (L) ---------------------------- PETITIONER:

----------- RAKHI, AGED 28 YEARS W/O.SIVAKUMAR, ASSANTEMEKHATHIL HOUSE ELIPPIKULAM P.O., ALAPPUZHA DISTRICT.

BY ADV. SRI.B.RENJITH KUMAR RESPONDENTS:

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1. THE STATE BANK OF TRAVANCORE REPRESENTED BY ITS BRANCH MANAGER, VALLIKUNAM BRANCH VALLIKUNAM, ALAPPUZHA DISTRICT, PIN-690501.

2. THE AUTHORISED OFFICER THE STATE BANK OF TRAVANCORE, VALLIKUNAM BRANCH VALLIKUNAM, ALAPPUZHA DISTRICT, PIN-690501.

R BY SRI.R.S.KALKURA, SC, SBT THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 05-05-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

RKC

WP(C).No. 13511 of 2015 (L) APPENDIX PETITIONER'S EXHIBITS --------------------- P1: NOTICE DATED (TRUE COPY) OF 6.2.2015 ISSUED BY THE 2ND RESPONDENT.

P2: TRUE COPY OF THE PAPER PUBLICATION DATED 30.4.15 RESPONDENTS' EXHIBITS: NIL RKC TRUE COPY PA TO JUDGE

P.V.ASHA, J., W.P.(C) No.13511 of 2015 Dated this the 5th day of May, 2015

JUDGMENT

The petitioner is aggrieved by the coercive action initiated towards the defaulted payment of loan amount. The learned counsel for the petitioner submits that he is willing to repay the overdue amount provided instalment facility granted.

2. The learned counsel for the respondents submits that the total amount due is 11,50,000/- (Rupees Eleven lakhs fifty thousand ₹ only).

3. The learned counsel for the petitioner submits that he is ready to pay a sum of 2,00,000/- within two weeks. In the circumstances of ₹ the case, Revenue Recovery proceedings for sale of the property shall be kept in abeyance. In case the petitioner makes the payment of 2,00,000/- within 2 weeks and continues to make payment of the ₹ remaining arrears in eight equal monthly instalments, consecutively from 1.7.2015, the proceedings initiated against the petitioner shall be withdrawn. In case of default, the same shall be revived. The writ petition is disposed of.

Sd/- P.V.ASHA, JUDGE.

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