Allowed

T.K. Pradeep Kumar v. Karannur Service Co-Operative Bank Ltd.

Kerala HC3 Apr 2024WP(C)/1968/2024

Case brief

AI extract

What is this about?

A writ petition concerning recovery of outstanding loan dues from a co-operative society was disposed of by consent, permitting the petitioner to pay Rs.36,70,316 in 20 equal monthly installments, with liberty for further action if two installments are defaulted.

What did the court decide?

Liberty to pay Rs.36,70,316 plus charges and interest in 20 equal monthly installments from 15.05.2024; default of two installments permits further action.

T.K. Pradeep Kumar Vs Karannur Service Co-Operative… — Cooperative Societies | Kerala HC (2024)

¶1

IN THE HIGH COURT OF KERALA AT ERNAKULAM

¶2

PRESENT

¶3

THE HONOURABLE MR. JUSTICE DEVAN RAMACHANDRAN

¶4

WEDNESDAY, THE 3^RD DAY OF APRIL 2024 / 14TH CHAITHRA, 1946 WP(C) NO. 1968 OF 2024

¶5

PETITIONER:

¶6

T.K. PRADEEP KUMAR, AGED 59 YEARS S/O VIJAYAN, 'LAKSHMI NIVAS', THAYOLI KAMMILI, ELATHUR P.O, ELATHUR AMSOM DESOM, KOZHIKODE, PIN - 673303

¶7

BY ADVS. SRINATH GIRISH P.JERIL BABU

¶8

RESPONDENT:

¶9

KARANNUR SERVICE CO-OPERATIVE BANK LTD

¶10

NO.F-1244, ELATHUR P.O, ELATHUR AMSOM DESOM, KOZHIKODE. REPRESENTED BY ITS SECRETARY, PIN - 673303

¶11

BY ADV SANIL CHANDRAN K.V.

¶12

THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 03.04.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

¶13

WP(C) NO. 1968 OF 2024

¶14

¶15

JUDGMENT

¶16

When this matter was called today, Sri.Sanil Chandran K.V. – learned Standing Counsel for “Karannur Service Co-operative Bank Ltd.” ('Society' for short), submitted that, the total outstanding in the loan account of the petitioner, as on 03.04.2024, is Rs.36,70,316/-; and that if he is willing to pay the same in not more than 20 equal monthly installments, his client will not stand in the way of this Court disposing of this writ petition on such terms.

¶17

Sri.Srinath Girish P. – learned counsel for the petitioner, fully agreed to the afore and prayed that this writ petition be thus ordered.

¶18

In the afore circumstances, I allow this writ petition, granting liberty to the petitioner to pay the total outstanding amount in the loan account, namely, Rs.36,70,316/- as on 03.04.2024, along with all applicable charges and interest, in 20 equal monthly installments, commencing from 15.05.2024.

¶19

Needless to say, if the petitioner makes default on payment of two installments as ordered above, further action pursuant

¶20

WP(C) NO. 1968 OF 2024

¶21

¶22

thereto can be taken forward, without having to obtain further

¶23

orders from this Court.

¶24

Sd/- DEVAN RAMACHANDRAN

¶25

JUDGE

¶26

stu

¶27

WP(C) NO. 1968 OF 2024

¶28

¶29

¶30

PETITIONER EXHIBITS

¶31

Exhibit P1 7. A TRUE COPY OF THE EXECUTION PETITION E.P 710/2022 IN ARC NO.2855/2017 DATED 16-12-2022 ON THE FILE OF THE SUB COURT, KOZHIKODE - I ADDL

T.K. Pradeep Kumar v. Karannur Service Co-Operative Bank Ltd.

Case brief

What is this about?

What did the court decide?

T.K. Pradeep Kumar v. Karannur Service Co-Operative Bank Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Lissy Vs the Joint Registrar for Co. Operative Society (General)

Beena Vs Thaikkad Service Co-Operative Bank

Pushpakaran Vs Thaikkad Service Co-Operative Bank

Premkumar Vs the Mundiappally Service Co-Operative Bank Ltd. NO.A9

K.C. Thomas Vs the Mundiappally Co-Operative Bank Ltd. NO.A9

Sijeesh M.P Vs Shaji K.H