Allowed
Hariharan v. Edathirinji Service Co-Op.Bank Ltd.
Kerala HCWP(C)/5714/2008
Case brief
AI extract
What is this about?
The Court disposed of a writ petition challenging coercive recovery proceedings for a defaulted loan. The petitioner did not dispute liability but sought instalment payment. The Court directed the respondents to permit payment of the balance in 10 monthly instalments. Further coercive proceedings are stayed unless a default occurs.
What did the court decide?
Direction to respondents to permit the petitioner to pay the balance amount in 10 equal monthly instalments starting from 1-11-2009, keeping coercive proceedings in abeyance if paid on time.