Soman.B v. Ksfe Ltd.
Case brief
What is this about?
In a writ petition regarding default on KSFE loans and chits, the Court permitted the petitioner to clear the dues in 20 monthly installments. Recovery proceedings were stayed conditionally pending default-free payment.
What did the court decide?
Recovery proceedings stayed; petitioner permitted to pay dues in 20 monthly equated installments.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR.JUSTICE V.G.ARUN
MONDAY, THE 9TH DAY OF JANUARY 2023 / 19TH POUSHA, 1944 WP(C) NO. 340 OF 2023
PETITIONER/S:
SOMAN.B AGED 58 YEARS S/O.BHASKARAN, MULLANKUZHIYIL, THIRUVAMBADY P.O. KOZHIKODE, PIN - 673603 BY ADVS. S.ABHILASH K.SIJU ANJANA KANNATH
RESPONDENT/S:
- 1 KSFE LTD REPRESENTED BY ITS MANAGING DIRECTOR, KSFE LTD., HEAD OFFICE, BHADRATHA, MUSEUM ROAD, THRISSUR, PIN - 680020
- 2 THE ASSISTANT GENERAL MANAGER (RECOVERY) KSFE LTD., HEAD OFFICE, BHADRATHA, MUSEUM ROAD, THRISSUR, PIN - 680020
- 3 SPECIAL DEPUTY TAHSILDAR (RR) KSFE LTD., KALLAI ROAD, KOZHIKODE, PIN - 680002
- 4 THE BRANCH MANAGER, KSFE LTD THIRUVAMBADY BRANCH, KOZHIKODE-, PIN - 680022 BY ADV P.C.ANIL KUMAR
Issues for consideration
1 issue framed by the court
Whether the petitioner, whose recovery proceedings were initiated due to default in loan and chit repayments, is entitled to a repayment scheme.
Parties & counsel
- petitioner
SOMAN.B
- respondent
KSFE LTD
- respondent
THE ASSISTANT GENERAL MANAGER (RECOVERY), KSFE LTD.
- respondent
SPECIAL DEPUTY TAHSILDAR (RR), KSFE LTD.
- respondent
THE BRANCH MANAGER, KSFE LTD THIRUVAMBADY BRANCH
Case details
As recorded by the court registry
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