The petitioner was aggrieved with Exhibit P4 sale proceedings initiated against the petitioner's property. 2. Considering the confined prayer made by the learned counsel for the petitioner, it is directed that, if the loan amounts are not yet satisfied and recovery proceedings have not yet been concluded, the sale proceedings shall be kept in abeyance, on condition of the petitioner settling the entire loan dues in 10 [ten] equal monthly instalments. The respondent-Society shall quantify the dues as on 05.01.2015 and issue a statement of accounts, in accordance with which the instalments shall be paid. The 1st instalment shall be paid on or before 20.01.2015 and thereafter; the due date of instalments falling on the 20th of each succeeding month. If default is committed in two consecutive instalments, then the recovery proceedings shall revive and continue. On the WP(C).No.18497 of 2010 - 2 -
satisfaction of the dues as per the statement, the Society shall give a statement of the future interest from 05.01.2015 and the same shall be settled as the 11th instalment.
The writ petition is disposed of, granting instalment facility as above. There shall be no order as to costs.
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Sd/- K.Vinod Chandran Judge ( true copy )