Ajukumar, v. the Sale Officer
Kerala Co-operative Societies Act, 1969 – Recovery of co-operative society loan
Case brief
What is this about?
WP(C) No. 9388 of 2024, High Court of Kerala at Ernakulam, decided 24.03.2025 by Murali Purushothaman J. Ajukumar v. The Sale Officer, Office of the Assistant Registrar of Co-operative Societies, Varkkala and The Ottoor Service Co-operative Bank Ltd. No. 976. Loan arrears; arbitration under Kerala Co-operative Societies Act, 1969; challenge to Ext.P2 demand notice dated 30.07.2022; Ext.P3 pre-attachment notice dated 28.01.2025 demanding Rs 15,77,877/-; direction to pay Rs.15,92,708/- in 20 equal monthly installments from 02.05.2025 with interest and charges; coercive proceedings pursuant to Ext.P2 deferred; One Time Settlement liberty; recovery in accordance with law on default.
What did the court decide?
Direction to pay outstanding Rs.15,92,708/- in twenty equal monthly installments commencing 02.05.2025 with accrued interest and applicable charges; coercive proceedings pursuant to Ext.P2 deferred; liberty to approach the Society for One Time Settlement Scheme benefit.