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MELCOME D'SILVAS, AGED 30 YEARS versus UNION BANK OF INDIA

High Court of Kerala

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MELCOME D'SILVAS, AGED 30 YEARS v. UNION BANK OF INDIA - WP(C) No. 34369 of 2006(N) [2007] RD-KL 1693 (22 January 2007)

IN THE HIGH COURT OF KERALA AT ERNAKULAM

WP(C) No. 34369 of 2006(N)

1. MELCOME D'SILVAS, AGED 30 YEARS,
... Petitioner

Vs

1. UNION BANK OF INDIA,
... Respondent

For Petitioner :SMT.T.B.MINI

For Respondent :SRI.A.S.P.KURUP, SC, UBI

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

Dated :22/01/2007

O R D E R

C.N.RAMACHANDRAN NAIR, J.


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W.P.(C)NO.34369 OF 2006
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Dated this the 22nd day of January 2007



JUDGMENT

Heard counsel for the petitioner and Standing Counsel Sri.A.S.P.Kurup for respondent.

2. Petitioner paid Rs.10,000/- in terms of interim order dated 21-12-2006 and balance is stated to be around Rs.75,000/-. Since the loan is for small scale business and petitioner's business is photocopying, petitioner is granted instalment facility to clear the arrears in instalment of Rs.5,000/- each first of which will be paid on or before 20th February 2007 and balance will be paid on or before 20th of every succeeding month until arrears are fully cleared. There will be a direction to Bank to charge only simple interest on accrued arrears. No default or penal interest should be charged if payment schedule is maintained as above. If payment is not made as above or if default is committed, all incentives granted above including instalment facility will stand automatically vacated on first default and bank is free to proceed for recovery. Writ petition is disposed of as above.

C.N.RAMACHANDRAN NAIR, JUDGE

jes


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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