The petitioner is aggrieved by the proceedings taken against the petitioner's property for settlement of the defaulted amounts, in the loan account availed of by her husband. 2. I have heard the learned counsel for the petitioner and the learned counsel appearing for the respondents.
3. Considering the confined prayer made for instalments, it is directed that the recovery, if not already concluded, shall be kept in abeyance on condition of the petitioner settling the entire loan in eight equal monthly instalments. The petitioner shall produce a certified copy of this judgment before the WP(C).20497/11 2 respondent Bank within two weeks of its receipt. The respondent-Bank shall quantify the dues as on 15.12.2014 and issue a statement of accounts, in accordance with which the instalments shall be paid. The 1st instalment shall be paid on or before 28.12.2014 and thereafter; the due date of instalments falling on the 28th of each succeeding month. If default is committed in two consecutive instalments, then the recovery proceedings shall be revived and continued. On the satisfaction of the dues as per the statement, the Bank shall give a statement of the future interest from 15.12.2014 and the same shall be settled as the 9th instalment.
The writ petition stands disposed of, leaving the parties to suffer their respective costs.
Sd/-
K.VINOD CHANDRAN Judge Mrcs