2025:KER:26024 WP(C) NO. 6703 OF 2025 1 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE MURALI PURUSHOTHAMAN WEDNESDAY, THE 26TH DAY OF MARCH 2025 / 5TH CHAITHRA, 1947 WP(C) NO. 6703 OF 2025 PETITIONER/S: SASI AGED 54 YEARS S/O VELAYUDHAN, KUNDATHU HOUSE, KAKKASSERY POST, KAKKASSERY ,THRISSUR, DISTRICT, PIN - 680511 BY ADV B.BALA PRASANNAN RESPONDENT/S: CHITTATTUKARA SERVICE CO-OPARATIVE BANK LTD CHITTATTUKARA SERVICE CO-OPARATIVE BANK LTD F NO. 1642 CHITTATTUKARA, THRISSUR DISRTICT,, PIN - 680511 BY ADV RASMI NAIR . T THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26.03.2025, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: 2025:KER:26024 WP(C) NO. 6703 OF 2025 2 JUDGMENT The loan availed by the petitioner from the respondent Society fell in arrears. The Society initiated recovery steps. Ext.P1 is the notice issued by the petitioner asking the petitioner to appear before the adalath to settle the loan account under the One Time Settlement Scheme. The petitioner has filed this writ petition for a direction to the 1st respondent Society to permit him to pay the dues in installments. 2. Smt.Rasmi Nair T, the learned counsel for the Society, on instructions, submits that, an amount of Rs.7,87,677/- is outstanding in the loan account of the petitioner and the petitioner can be permitted to pay the said amount in reasonable installments. 3. The learned Counsel for the petitioner submits that the petitioner may be permitted to pay the outstanding amount in 15 equal monthly installments. 4. In the facts and circumstances of the case, there will be a direction to the petitioner to pay the outstanding amount of Rs.7,87,677/- in 15 equal monthly installments commencing from 02.05.2025, along with accrued interest and payable charges. 2025:KER:26024 WP(C) NO. 6703 OF 2025 3 5. It is made clear that in case of default in payment of any single installment, the petitioner will lose the benefit of this judgment and the respondents can proceed with recovery steps in accordance with law. Writ petition is disposed of. Sd/- MURALI PURUSHOTHAMAN JUDGE GBG 2025:KER:26024 WP(C) NO. 6703 OF 2025 4 APPENDIX OF WP(C) 6703/2025 PETITIONER EXHIBITS Exhibit P 1 THE TRUE COPY OF THE NOTICE ISSUED BY THE RESPONDENT BANK DATED 16/1/2025 IS PRODUCED HERE WITH AND MAY BE MARKED AS EXHIBIT P1