High Court of KeralaWP(C)/32192/2013disposed of

Ramachanran.P.R v. Kerala State Co-Operative Bank Ltd

2013-12-24Honourable Mr.Justice V.Chitambaresh3 pages

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR.JUSTICE V.CHITAMBARESH TUESDAY, THE 24TH DAY OF DECEMBER 2013/3RD POUSHA, 1935 WP(C).No. 32192 of 2013 (Y) ---------------------------- PETITIONER --------------------------

1. RAMACHANRAN.P.R, S/O. RAGHAVAN, PATHIYATH HOUSE, VADOOKKARA, THRISSUR -680007

2. SHAJI.P.R., S/O. RAGHAVAN, PATHIYATH HOUSE, VADOOKKARA, THRISSUR -680007

3. BALATHILAKAN M.A. , MAMBULLY VEEDU, VADOOKKARA, THRISSUR -680007 BY ADV. SMT.T.M.BINITHA RESPONDENTS:

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

1. KERALA STATE CO-OPERATIVE BANK LTD REPRESENTED BY ITS BRANCH MANAGER, THRISSUR -680006

2. DEPUTY REGISTRAR OF CO-OPERATIVE SOCIEITIES/ARBITRATION, KERALA STATE CO-OPERATIVE BANK LTD, REGIONAL OFFICE, ERNAKULAM-682011 R BY SRI.GEORGE POONTHOTTAM, SC, KERALA STATE CO-OPERATIVE BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 24-122013, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

WP(C).No. 32192 of 2013 (Y) ---------------------------- APPENDIX PETITIONERS EXHIBITS EXT.P1 COPY OF THE AWARD IN ARC NO.594/2011 DATED 30-5-2013 EXT.P2 COPY OF THE EA DEMAND NOTICE IN EP NO.171/2013 ISSUED TO THE 2ND APPLICANT DATED 6-11-2013 EXT.P3 COPY OF THE EA DEMAND NOTICE IN EP NO.172/2013 ISSUED TO THE 2ND APPLICANT DATED 6-11-2013 RESPONDENTS EXHIBITS NIL TRUE COPY P.A TO JUDGE SMM

V.CHITAMBARESH,J.

= = = = = = = = = = = W.P.(C) No.32192 of 2013 = = = = = = = = = = = == = = = = Dated this the 24th day of December, 2013

J U D G M E N T

The petitioners are separately indebted to the first respondent Co-operative bank. The bank has obtained Ext.P1 arbitration award against the petitioners. Exts.P2 and P3 notices have been issued by the bank in execution of Ext.P1 award.

2. I permit the petitioners to pay the amount demanded in eight equal monthly instalments starting from 1-2-2014. The coercive steps pursuant to Ext.P1 award shall be put on hold if the petitioners comply with the conditions in time. The coercive steps shall surge ahead if the petitioners commit default in the payment of anyone of the instalments as directed. The writ petition is disposed of.

V.CHITAMBARESH JUDGE smm