The petitioner availed a loan of Rs.20,00,000/- (Rupees Twenty Lakhs) from the Kerala Financial Corporation for the construction of a building for business purpose. Though the petitioner could complete the ground floor of the building he could not complete the entire structure due to paucity of funds and he had to abandon the idea of completing the project. Finding that he would not be able to repay the amount in time, he thought of selling the property and settling the whole amount due to the Corporation. The petitioner approached the Corporation and the latter agreed as per Ext.P1 dated 26-7-2001 to settle the loan account on remittance of Rs.36,00,000/- (Rupees Thirty Six Lakhs) by the petitioner. As per Ext.P2 dated 28.12.2001, the petitioner wanted some reduction to be made in the matter of payment of interest. Meanwhile, revenue recovery proceedings were initiated as per Ext.P3. The petitioner approached the Corporation with Ext.P4 representation praying to drop the revenue recovery proceedings and to permit the petitioner to pay the whole balance amount under the One Time Settlement Scheme. That request was accepted by the Kerala Financial Corporation, as evidenc