The petitioner is aggrieved by the proceedings taken against the petitioner's property for settlement of the defaulted amounts, in the loan account availed.
2. Considering the confined prayer made for instalments, it is directed that the petitioner shall pay the balance amount of Rs.25,000/- as per the interim order dated 22.04.2014 within ten days from today. On such condition being complied with, the Bank shall issue with a statement as to the amounts due as on 15.07.2014, which the petitioner shall remit in six monthly installments starting from 25.07.2014 and thereafter; the due date of instalments falling on the 25th of each succeeding month. If default is committed in two consecutive instalments, then the WPC No.11324/2014 ::2::
recovery proceedings shall revive and continue. On the satisfaction of the dues as per the statement, the Bank shall give a statement of the future interest from 15.07.2014 and the same shall be settled as the 7th instalment.
The writ petition stands disposed of as above. No costs.
jma. //true copy// P.A to Judge Sd/-
K.Vinod Chandran, Judge