Disposed

Ravi C N v. State Bank of India

Kerala HC7 Feb 2023WP(C)/2830/2023

Case brief

AI extract

What is this about?

The Single Judge disposed of the writ petition. Directing the petitioner to pay Rs.1,99,877/- in 10 equal monthly instalments, the Court allowed regularisation of the loan account upon full payment of overdue amount and retention of coercive recovery steps upon default.

What did the court decide?

The petitioner directed to pay Rs.1,99,877/- in 10 equal monthly instalments; loan account to be regularized if full overdue amount paid; coercive steps kept in abeyance.

Ravi C N Vs State Bank of India — Contract and Commercial Disputes | Kerala HC (2023)

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IN THE HIGH COURT OF KERALA AT ERNAKULAM

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PRESENT

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THE HONOURABLE MR. JUSTICE T.R.RAVI

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TUESDAY, THE 7TH DAY OF FEBRUARY 2023 / 18TH MAGHA, 1944

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WP(C) NO. 2830 OF 2023

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PETITIONER:

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RAVI C N
AGED 50 YEARS
S/O NANU, CHERUKARAKANDATHIL HOUSE
KALATHOTTY KARA P. O, KANCHIYAR, IDIDUKI, PIN – 685507.

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BY ADVS.
PHIJO PRADEESH PHILIP
P.V.ANOOP
ANTONY THOMAS
ANJU R S.
NAVJYOTH S.

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RESPONDENTS:

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1 STATE BANK OF INDIA REPRESENTED BY ITS BRANCH MANAGER KATTAPPANA BRANCH, IDUKKI DISTRICT,, PIN – 685508.

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2 THE AUTHORIZED OFFICER, (CHIEF MANAGER) STATE BANK OF INDIA, RACC, KATTAPPANA BRANCH IDUKKI DISTRICT, PIN – 685508.

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BY ADVS.
M.JITHESH MENON
AMBILY S
K.K.CHANDRAN PILLAI (SR.)(C-41)

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THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
07.02.2023, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

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WP(C) NO. 2830 OF 2023

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T.R. RAVI, J.

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-------------------------------------------- W.P.(C) No.2830 of 2023

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Dated this the 07^th day of February, 2023

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JUDGMENT

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The prayer in the writ petition is to permit the petitioner to pay off the overdue amounts in the loan account availed from the respondents in easy instalments and to regularise the loan account. The Standing Counsel on instructions submits that the overdue amount is Rs.1,99,877/-.

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In the above circumstances, the writ petition is disposed of directing the petitioner to pay of f the overdue amount of Rs.1,99,877/- in 10 equal monthly instalments, the frst i instalment falling due on or before 07.03.2023 and the subsequent instalments falling due on or before the 07 th day of the succeeding months. The petitioner shall also pay the regular monthly instalments along with the instalments towards the overdue amount as stated above. If the petitioner pay s the entire overdue amount, the respondents shall regularise the loan account. If the petitioner makes a single default in the payment

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WP(C) NO. 2830 OF 2023

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of instalments, the respondent s will be at liberty to continue with coercive steps for recovery. The coercive steps initiated shall be kept in abeyance to facilitate the payment of instalments as directed above.

Sd/-

T.R.RAVI JUDGE

mpm

WP(C) NO. 2830 OF 2023

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APPENDIX OF WP(C) 2830/2023

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PETITIONER’S EXHIBITS

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Exhibit P1TRUE COPY OF THE DEMAND LETTER ISSUED BY
THE 1 RESPONDENT DATED 19.07.2022.

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Exhibit P2THE TRUE COPY OF THE LETTER DATED
22.08.2022 ISSUED BY THE RESPONDENT BANK.
Exhibit P3THE TRUE COPY OF THE DEMAND NOTICE ISSUED
BY THE RESPONDENT BANK DATED 22.08.2022.
Exhibit P4TRUE COPY OF THE POSSESSION NOTICE ISSUED
BY THE 1ST RESPONDENT DATED 17.11.2022.

Ravi C N v. State Bank of India

Case brief

What is this about?

What did the court decide?

Ravi C N v. State Bank of India

Case brief

What is this about?

What did the court decide?

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