Siby Mathew v. State of Kerala
Case brief
What is this about?
Petitioners aggrieved by arbitration awards and Tribunal appeal dismissal concerning recovery claims by a co-operative bank against them and their late father. The court arranged an OTS concession reducing the payable amount and disposed of the writ petition directing repayment in installments.
What did the court decide?
Payment of reduced total Rs.5,40,989 via staged remittances and ten equal monthly installments with interest; on default, respondents free to proceed lawfully.