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 recovery, if not already concluded, shall be kept in abeyance on condition of the petitioner settling the entire loan in twelve equal monthly instalments. The respondent-Bank shall quantify the dues as on 30.12.2014 and issue a statement of accounts, in accordance with which the instalments shall be paid. The 1st instalment shall be paid on or before 16.01.2015 and thereafter; the due date of instalments falling on the 11th of each succeeding month. If default WP(C).21215/09 2 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 30.12.2014 and the same shall be settled as the 13th instalment.
The writ petition stands disposed of, leaving the parties to suffer their respective costs.
Sd/-
K.VINOD CHANDRAN Judge Mrcs //True Copy//