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2023 Supreme(Online)(KER) 497

HIGH COURT OF KERALA
N. NAGARESH, J
THE MANAGER – Appellant
Versus
VIJAYAMMA K – Respondent


Advocates:
PRASAD CHANDRAN, SRI.S.SREEKUMAR (KOLLAM)

ORDER

Dated this the 21st day of December, 2023 The petitioner in W.P.(C) No.3865 of 2023 approached this Court seeking to command the respondents to permit the petitioner to clear the defaulted arrears in 20 equal monthly instalments and to regularise the loan account thereafter extending the full period of repayment.

2. This Court disposed of W.P.(C) No.3865 of 2023 with the following directions:

(i) The petitioner shall remit the overdue amount of ₹3,48,396/- in ten equal monthly installments commencing from 30.11.2023, along with accruing interest and other Bank charges, if any.

(ii) If the petitioner commits default in making payments as directed above, the respondents will be at liberty to continue with coercive proceedings against the petitioner in accordance with law.

(iv) The petitioner shall also pay current EMIs along with the aforesaid payments.

(v) If the petitioner makes payments as directed above, coercive proceedings, if any, against the petitioner shall stand deferred.

3. The Review Petition has been filed by the 1st respondent-Bank Manager contending that the tenure of the loan expired in the year 2015 and therefore, there is no question of any overdue payment from the w

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