Anu v. Vs the Authorised Officer
Case brief
What is this about?
The Court disposed of the writ petition seeking permission to pay overdue bank loan amounts in instalments, directing a one lakh payment immediately followed by monthly instalments.
What did the court decide?
Direction to pay ₹1,00,000/- by 31.03.2023 and balance overdue in 5 equal monthly instalments; recovery proceedings kept in abeyance.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE T.R.RAVI
TUESDAY, THE 21ST DAY OF FEBRUARY 2023 / 2ND PHALGUNA, 1944 WP(C) NO. 4262 OF 2023
PETITIONER:
ANU V AGED 32 YEARS, S/O VIJAYAN. S, KUZHIVILA VEEDU, KEELIYODE, PERUMPAZHUTHOOR P.O, NEYYATTINKARA, THIRUVANANTHAPURAM DISTRICT, PIN - 695126 BY ADV M.R.SASITH
RESPONDENT:
THE AUTHORISED OFFICER KARNATAKA BANK LTD, ASSET RECOVERY MANAGEMENT BRANCH IIIRD FLOOR, KARNATAKA BANK BUILDING, KODIALBAIL, MANGALURU, PIN - 575003 BY ADV K.P.SUJESH KUMAR
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 21.02.2023, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
WP(C) NO. 4262 OF 2023
2
Issues for consideration
2 issues framed by the court
Whether the petitioner is entitled to pay off the overdue bank loan amount in instalments.
Whether the period of extension for payment of instalments is sufficient.
Parties & counsel
- petitioner
Anu V
- respondent
The Authorised Officer Karnataka Bank Ltd
Coram
T.R. Ravi
Case details
As recorded by the court registry
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