George Kurian v. the South Malabar Gramin Bank Limited
Case brief
What is this about?
In an original petition challenging the execution of a decree for money recovery, the court permitted the petitioner-guarantor to repay in six monthly instalments starting 01.01.2013. An order for the bank to consider a waiver claim under the 2008 Scheme was directed to be sent to the Grievance Redressal Officer. The petitioner was granted protection from civil arrest if instalments were paid on t
What did the court decide?
Petitioner permitted to repay decree debt in six equal monthly instalments starting 01.01.2013; free from civil arrest if compliance is maintained; bank directed to consider debt waiver scheme claim.