Abdul Hameed K.P. v. the Authorised Officer
Case brief
What is this about?
This order was disposed of in an interim application arising from a debt recovery proceeding. The court granted the petitioner an extension of time to repay defaulted loan instalments, citing the financial crunch caused by the demonetisation policy.
What did the court decide?
The time granted to pay the first instalment of Rs. 1,00,000/- was extended from 31.12.2016 to 31.01.2017 and the second instalment to 28.02.2017; default clause altered accordingly.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT:
THE HONOURABLE MR.JUSTICE K.HARILAL
FRIDAY, THE 30TH DAY OF DECEMBER 2016/9TH POUSHA, 1938
OP (DRT).No. 130 of 2016 (O)
AGAINST THE ORDER IN SA 158/2016 of DEBT RECOVERY TRIBUNAL, ERNAKULAM DATED 17.12.2016
PETITIONER:
ABDUL HAMEED K.P., S/O.POKKER HAJI, AGED 49 YEARS, KUPPACHEENTAVIDA, KALLACHI PO, KOZHIKODE 673 506.
BY ADVS.SRI.N.SASI
SMT.T.M.BINITHA
RESPONDENT:
THE AUTHORISED OFFICER, STATE BANK OF TRAVANCORE, JUBILEE BHAVAN, MINI BYE PASS ROAD, KOZHIKODE 673 006.
Issues for consideration
1 issue framed by the court
Whether the petitioner should be granted a breathing time to remit defaulted loan instalments due to demonetisation-induced financial difficulties.
Parties & counsel
- petitioner
Abdul Hameed K.P.
- respondent
The Authorised Officer, State Bank of Travancore
Coram
K. Harilal
Case details
As recorded by the court registry
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