The court ordered monthly installment payments to the petitioner from a co-operative bank, emphasizing the need for timely financial disbursement despite the bank's crisis.

JUDGMENT

The petitioner maintains fixed deposits with the

4^th respondent bank. According to the petitioner, after his retirement from the Kerala State Road Transport Corporation (KSRTC), he deposited his entire retirement benefits in fixed deposits, and despite their maturity, the amounts due to him have not been paid. It is the case of the petitioner that the amounts are urgently required in connection with the marriage of the petitioner’s daughter. It is also submitted that the amounts payable to the petitioner, together with interest, have now been transferred to the savings bank account of the petitioner.

2. The learned counsel appearing for the

4^th respondent submits that the 4^th respondent is facing a severe financial crisis. It is submitted that the 4^th respondent shall disburse the amounts due to the petitioner in 20 equal monthly instalments. It is submitted that the petitioner may withdraw the amounts by issuing a cheque from his savings bank account.

3. Having heard the learned counsel appearing for the petitioner and the learned counsel appearing for the 4^th respondent, this writ petition will stand disposed of directing as follows:

i. The entire amount lying to the credit of the petitioner in the savings bank account of the 4^th respondent bank shall be disbursed by permitting the petitioner to withdraw an amount equivalent to 1/20 of the total amount lying to his credit in the savings bank account every month;

ii. Such disbursement shall be effected by permitting the petitioner to withdraw the said amount every month by issuing a cheque or withdrawal slip from his savings bank account, until the entire amount lying to the credit of the petitioner is withdrawn by him.

iii. The petitioner shall be paid interest at the rate applicable to a savings bank account on the reducing balance till the entire amount is withdrawn by the petitioner in the manner directed above.

iv. The first of the amounts shall be allowed to be withdrawn on 05-03-2026, and thereafter, the subsequent amounts shall be permitted to be withdrawn in the manner directed above on or before the 5^th day of each succeeding month.

Sd/-

GOPINATH P.

JUDGE