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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BECHU KURIAN THOMAS, J
LAL KUMAR. A – Appellant
Versus
STATE OF KERALA – Respondent
| Table of Content |
|---|
| 1. default on loans leading to revenue recovery proceedings. (Para 1 , 2) |
| 2. opportunity for petitioners to utilize settlement schemes. (Para 3 , 4) |
| 3. court ruling on application timelines and repayment obligations. (Para 5) |
JUDGMENT
Petitioner was a subscriber to eleven chitties and had availed three chitty loans from the 4th and 5th respondents. However, the petitioner defaulted in repayment of the amount in those accounts. The liability is due from the year 2013-2014 and as on date, an amount of Rs.3,21,89,668/- remains due.
2. According to the petitioner, a One Time Settlement Scheme is now available with the 4th and 5th respondents it can be availed by him to repay the liability. Though the said scheme is in existence, the respondents have proceeded with revenue recovery proceedings as per Ext.P1 and Ext.P2. Hence, the petitioner was compelled to approach this Court challenging the said proceedings.
3. Having heard the learned counsel for the petitioners, the learned counsel for respondents 4 and 5 as well as the learned Government Pleader, I am of the view that this writ petition can be disposed of giving liberty to the petitioner to pursue the One Time Settlement
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