ANIL RAVINDRAN v. KERALA STATE
Case at a glance
- Decided
- 05 Nov 2007
- Bench
- K M JOSEPH
Outcome
Disposed of
The writ petition is disposed of as above
Provisions considered
Judgment
Operative part
K.M.JOSEPH, J.- - - - - - - - - - - - - - - - - - - - - - - - -WP.(C) No. 32654 of 2007 - - - - - - - - - - - - - - - - - - - - - - - - -Dated this the 5th day of November, 2007JUDGMENTPetitioner availed a loan. It was not repaid. The term of the contract is to end in December, 2008. According to the petitioner action is now taken under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of SecurityInterest Act, 2002 as evidenced by Ext.P1. Petitioner contends that petitioner is prepared to pay off the defaulted amount in instalments and continue to pay the instalments which are liable to be paid under the contract.2. I heard learned counsel for the respondent Bank also. Petitioner is permitted to pay off the entire amount due including the defaulted amount with due interest in 13 equal monthly instalments. In other words, the instalments to be paid will be inclusive of the defaulted amounts with due interest. The first instalment shall be payable on or before 1.12.2007 and the further instalments on or before the first working day of the succeeding months. The respondent Bankwill serve a statement on the petitioner showing the exact amount of WPC. 32654/2007. 2instalment to be paid within fifteen days from today. If any instalmentis defaulted, the petitioner will lose the benefit of this judgment and it will be open to the respondent Bank to proceed against the petitioner in accordance with law. The writ petition is disposed of as above. (K.M. JOSEPH, JUDGE)sb
Questions this judgment answers
What did the Court decide in this case?
The Court recorded the following disposition: The writ petition is disposed of as above
Which statutory provisions did this judgment involve?
Securitisation andReconstruction of Financial Assets and Enforcement of SecurityInterest Act, 2002 — s. 13(2).
Which court decided this case, and when?
Kerala High Court, on 05 Nov 2007. The bench was K M JOSEPH.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.