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BEEVI ASURA, W/O.SHAMSUL HUDHA versus STATE BANK OF INDIA

High Court of Kerala

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BEEVI ASURA, W/O.SHAMSUL HUDHA v. STATE BANK OF INDIA - WP(C) No. 32585 of 2006(D) [2006] RD-KL 2748 (7 December 2006)

IN THE HIGH COURT OF KERALA AT ERNAKULAM

WP(C) No. 32585 of 2006(D)

1. BEEVI ASURA, W/O.SHAMSUL HUDHA,
... Petitioner

2. SHAMSUL HUDHA, T.C.46/511,

Vs

1. STATE BANK OF INDIA,
... Respondent

2. STATE BANK OF INDIA, VALIATHURA BRANCH,

For Petitioner :SRI.M.RAMASWAMY PILLAI

For Respondent : No Appearance

The Hon'ble MR. Justice C.N.RAMACHANDRAN NAIR

Dated :07/12/2006

O R D E R

C.N. RAMACHANDRAN NAIR, J.

```````````````````````````````````````````````````` W.P. (C) No. 32585 OF 2006 D ````````````````````````````````````````````````````

Dated this the 7th day of December, 2006



J U D G M E N T

Heard counsel for petitioners and standing counsel for respondents.

2. Petitioners availed loan and committed default leading to coercive steps for recovery. Now the petitioners have undertaken to clear arrears in easy instalments. The loan is said to be covered by adequate security. In the circumstances, writ petition is disposed of granting facility to petitioners to clear the arrears in monthly instalments of Rs.12,500/-, which the petitioners shall pay without default. The first instalment will be paid on or before 31.12.2006 and balance on or before last date of succeeding months, until arrears are cleared. If default is committed by the petitioners in payment of two consecutive instalments, then the instalment facility will stand automatically cancelled and the respondents can continue with securitisation proceedings. Writ petition is disposed of as above.

(C.N. RAMACHANDRAN NAIR, JUDGE)

aks


Copyright

Reproduced in accordance with s52(q) of the Copyright Act 1957 (India) from judis.nic.in, indiacode.nic.in and other Indian High Court Websites

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