JUDGMENT

The limited prayer sought for by the petitioner in this writ petitioner is for a direction to accept repayment of the amount due from him as a guarantor to a chitty loan, in instalments.

2. Petitioner stood as a guarantor to a loan availed by Sri. Shajahan from the respondent. However, due to default in repayment by the said loanee, proceedings have now been initiated against the petitioner as well. According to the petitioner, he is ready to repay the amount in instalments.

3. The learned Standing Counsel, upon instructions, submitted that total amount due from Sri. Shajahan, is Rs.6,87,975/-, and that, if the petitioner is ready to repay the amount in reasonable instalments, they are ready to accept the same.

4. Having heard the learned counsel for the petitioner as well as the learned Standing Counsel, I am of the view that this writ petition can be disposed of with a direction, granting an instalment facility to the petitioner, in view of the consent mentioned above.

Accordingly, there will be a direction to the respondent to accept repayment of an amount of Rs.6,87,975/-, due to the petitioner as a guarantor, along with costs and future interests in 15 equated monthly in