Vijayakumar K.N. v. Anickad Regional Farmers Service Co-Operative Bank Ltd. NO.3867
Case brief
What is this about?
WP(C) No.42965 of 2024, High Court of Kerala at Ernakulam, Murali Purushothaman J., decided 27.03.2025. Vijayakumar K.N. v. Anickad Regional Farmers Service Co-operative Bank Ltd No.3867 & Others. Borrower challenged demand notice Ext.P8 dated 12.12.2023 issued by the 3rd respondent Special Sale Officer following arbitration awards Exts.P1-P4 (ARC Nos.2019/2023, 1562/2024, 2757/2023, 2506/2022). Court disposed of the petition granting instalment facility: Rs.80,50,476/- outstanding as on 15.02.2025 payable in 20 equal monthly instalments from 28.04.2025 with interest and charges; coercive proceedings deferred; liberty to Society on default. Counsel: P.Sivaraj for petitioner; Shaji Thomas, Jen Jaison, Thomaskutty Sebastian for respondents. No statute or precedent cited in the judgment.
What did the court decide?
Payment of the outstanding amount of Rs.80,50,476/- in 20 equal monthly instalments commencing from 28.04.2025 with accrued interest and applicable charges; coercive proceedings pursuant to Ext.P8 deferred, with liberty to the Society to proceed in accordance with law on default.