All that the petitioners pray is for easy instalments to pay the overdue amount and get the housing loan regularised. The overdue amount comes to about `23,65,701/- and the period of the loan is yet to expire.
2. I permit the petitioner to pay the overdue amount in five equal monthly instalments starting from 01.08.2014. This will be in addition to the equated monthly instalments which the petitioner is otherwise obliged to pay.
3. The coercive steps pursuant to Ext.P3 notice shall be put on hold if the petitioner complies with the conditions in time. The coercive steps shall surge ahead if the petitioner commits default in the payment of anyone of the instalments as directed.
The Writ Petition is disposed of.
ncd V. CHITAMBARESH JUDGE