The petitioners admittedly have not paid the amounts as per the interim order. The writ petition is pending before this Court from 2010 onwards. The petitioners at this point of time, only seek for an instalment facility in the loan account which is still remaining due. It is submitted that one of the loans have already been closed and re-issued. In the above circumstances, it is directed that the petitioners shall produce a certified copy of this judgment before the respondent Bank within two weeks of receipt and they shall be issued with a statement of accounts in the defaulted transactions as on 30.11.2014. The petitioners shall also be granted ten equal monthly instalments to satisfy WP(C).1784/10 2 the dues. 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 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 30.11.2014 and the same shall be settled as the 11th instalment.
The writ petition stands disposed of, leaving the parties to suffer their respective costs.
Sd/-
K.VINOD CHANDRAN Judge Mrcs //True Copy//