J U D G M E N T

Petitioner is a company, which has availed of financial assistance from the 1st respondent. Default was committed and by Ext.P2, revenue recovery proceedings were initiated. At that stage, petitioner made an application to the 1st respondent for settling the liability under one time settlement scheme. It is also submitted that in terms of the conditions of the scheme, 10% of the amount proposed also has been remitted. The application is pending consideration of the 1st respondent and in view of the recovery action, the writ petition has been filed.

2. Learned standing counsel appearing for the 1st respondent confirms that an application has been received from the petitioner and also submits that their application will be considered in the next Board meeting of the 1st respondent, which is scheduled to be held in the last week of February, 2012.

3. From the above submissions made by both sides, it is obvious that the application of the petitioner is pending consideration of the 1st respondent. In view of this, I direct that WPC No.1407/12 :2 :

the 1st respondent shall consider the OTS application made by the petitioner in the Board meeting scheduled in February 2012 and