MANIKUTTAN PILLAI v. AUTHORIZED OFFICER
Case at a glance
- Bench
- N NAGARESH
Provisions considered
Judgment
I have heard the learned counsel for the petitioner and, Sri. Jawahar Jose, the learned Standing Counsel representing the Bank.
The specific case of the petitioner is that the petitioner has been making the repayment and maintaining the loan account initially. The default in repayment occurred lately due to reasons beyond the control of the petitioner. The petitioner has provided substantial security which will safeguard the interest of the Bank. W.P.(C) No.8262 of 2024 :6:
In the facts and circumstances of the case, I am inclined to dispose of the writ petition giving a short and reasonable time to the petitioner to clear off the liability.
The writ petition is therefore disposed of with the following directions: (i) The petitioner shall remit outstanding amount of ₹5,18,616/- in 10 equal and consecutive monthly instalments along with accruing interest and other Bank charges, if any. The first instalment shall be paid on or before 01.04.2024. (ii) If the petitioner commits default in making payments as directed above, the respondent will be at liberty to continue with coercive proceedings against the petitioner W.P.(C) No.8262 of 2024 :7: in accordance with law. (iii) If the petitioner makes payments as directed above, coercive proceedings, if any, against the petitioner shall stand deferred. JUDGE Sd/- N. NAGARESH W.P.(C) No.8262 of 2024 :8: APPENDIX OF WP(C) 8262/2024 PETITIONER EXHIBITS Exhibit P1 TRUE COPY OF THE NOTICE DATED NIL ISSUED BY THE RESPONDENT
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.