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DR. ISSAC THOMAS, AGED 49 YEARS versus THIRUVALLA EAST CO

High Court of Kerala

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DR. ISSAC THOMAS, AGED 49 YEARS v. THIRUVALLA EAST CO-OPERATIVE BANK LTD. - WP(C) No. 2088 of 2005(W) [2006] RD-KL 3932 (20 December 2006)

IN THE HIGH COURT OF KERALA AT ERNAKULAM

WP(C) No. 2088 of 2005(W)

1. DR. ISSAC THOMAS, AGED 49 YEARS,
... Petitioner

Vs

1. THIRUVALLA EAST CO-OPERATIVE BANK LTD.,
... Respondent

2. THE SPECIAL SALE OFFICER,

3. THE PRESIDENT, THIRUVALLA EAST

For Petitioner :SRI.V.PHILIP MATHEW

For Respondent :SRI.T.R.RAMACHANDRAN NAIR

The Hon'ble MR. Justice J.M.JAMES

Dated :20/12/2006

O R D E R

J.M.JAMES, J.


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W.P.(C) No. 2088 of 2005 (W)
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Dated this the 20th day of December, 2006



J U D G M E N T

The writ petitioner is a defaulter of a loan, availed from the first respondent, Thiruvalla East Co-operative Bank Ltd., Eraviperoor. Proceedings were initiated against the writ petitioner. As per Exhibit P1 award, Exhibit P2 sale notification dated 06/12/2004 was issued. The writ petitioner approached this Court and there was a stay. Therefore, it is submitted by either side that the sale was not effected. The counsel for the writ petitioner now submits that he is prepared to pay the amount as per the one time settlement, availing the benefits of the Circular No.27/2006, dated 29/06/2006.

2. After hearing both sides, I direct the writ petitioner to file a representation, before the first respondent, immediately, and on receipt of the same, the first respondent shall hear the writ petitioner and pass orders, extending him the W.P.(C) No.2088/2005 (W) 2 benefits and facilities of one time settlement, as per the Circular that is in force now.

3. Till an order is passed on the representation, as directed above, there shall be no further coercive action against the writ petitioner. This writ petition is closed as above. (J.M.JAMES) Judge ms


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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