Vareed v. Sbt
Case brief
What is this about?
The two-judge bench allowed the appeal against the Single Judge's order declining merits. The court disposed of the matter by directing the Bank to withhold recovery proceedings for three months, conditioned on the appellant's quarterly payment without default and clearing accumulated arrears of Rs. 6.25 lakhs by 1st February 2011.
What did the court decide?
Direction to the respondent Bank to withhold proceedings for recovery for three months (till 1.2.2011) on condition that the appellant pays regular instalments without default and clears accumulated a
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN WEDNESDAY, THE 13TH OCTOBER 2010 / 21ST ASWINA 1932
WA.No. 1296 of 2010()
--------------------AGAINST THE JUDGEMENT/ORDER IN WPC.13665/2010 ....................
APPELLANT(S): PETITIONER
VAREED C.R., AGED 52, S/O.CHITTILAPPILLY RAPPAI, THEKUMKARA P.O., WADAKKANCHERRY, THRISSUR DISTRICT.
BY ADV. SRI.G.SREEKUMAR (CHELUR) SMT.PREETHY KARUNAKARAN SRI.K.RAVI (PARIYARATH)
RESPONDENT(S): RESPONDENT
- THE STATE BANK OF TRAVANCORE, THRISSUR BRANCH, REPRESENTED BY ITS MANAGER, PATTURAIKKAL, THRISSUR-680001.
- THE AUTHORISED OFFICER, CHIEF MANAGER, SARC, STATE BANK OF TRAVANCORE, GEETHANJALI BUILDINGS, PARAMEKAVU, THRISSUR- 680001.
Issues for consideration
3 issues framed by the court
Whether the writ petition can be allowed considering the appellant's inability to comply with interim orders directing payment of Rs. 10 lakhs.
Whether the Bank should be directed to withhold proceedings for recovery of loan arrears for three months.
Whether the appellant is required to pay regular instalments without default and clear accumulated arrears by 1st February, 2011
Parties & counsel
- appellant
Vareed C.R.
- respondent
The State Bank of Travancore
Coram
C.N. RAMACHANDRAN NAIR
Case details
As recorded by the court registry
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