The petitioner is aggrieved by the sale 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 recovery, if not already concluded, shall be kept in abeyance on condition of the petitioner settling the entire loan in ten equal monthly instalments. The petitioner shall produce a certified copy of this judgment before the respondent Bank within two weeks of its receipt. The respondent-Bank shall quantify the dues as on 31.11.2014 and issue a statement of accounts, in accordance with which the instalments shall be paid. The 1st instalment shall be paid on or WP(C).11121/10 2 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 as above.
Sd/-
K.VINOD CHANDRAN Judge Mrcs //True Copy//