Sasi v. Chittattukara Service Co-Oparative Bank Ltd.
Case brief
What is this about?
Kerala High Court, Ernakulam; WP(C) No. 6703 of 2025; Sasi v. Chittattukara Service Co-oparative Bank Ltd.; Justice Murali Purushothaman; decided 26.03.2025; co-operative society loan recovery; One Time Settlement Scheme; adalath notice Ext.P1 dated 16/1/2025; outstanding dues Rs.7,87,677/-; payment permitted in 15 equal monthly installments from 02.05.2025 with accrued interest and payable charges; default clause permitting recovery in accordance with law; writ petition disposed of.
What did the court decide?
Direction permitting the petitioner to pay the outstanding loan dues of Rs.7,87,677/- in 15 equal monthly installments commencing from 02.05.2025, with accrued interest and payable charges; default in any single installment forfeits the benefit of the judgment, leaving the respondents free to proceed with recovery in accordance with law.