The petitioner is aggrieved by the proceedings taken against his 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 sale shall be kept in abeyance on condition of the petitioner settling the entire loan in fifteen equal monthly instalments. The respondent-Bank shall quantify the dues as on 30.11.2014 and issue a statement of accounts, in accordance with which the instalments shall be paid. The 1st instalment shall be paid on or before 18.12.2014 and thereafter; the due date of instalments falling on the 18th of each succeeding month. If one default is committed, then the recovery WP(C).2430/10 2 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 30.11.2014 and the same shall be settled as the 16th instalment.
The writ petition stands disposed of, leaving the parties to suffer their respective costs.
Sd/-
K.VINOD CHANDRAN Judge Mrcs //True Copy//