The above writ petition has been filed seeking installments and challenging the sales proceedings. A conditional order was passed on 07.04.2010, directing deposit of an amount of Rs.1,00,000/- on or before 01.04.2010 and a further amount of Rs.3,00,000/- before 15.05.2010. The learned counsel for the respondent Bank submits that the interim order has not been complied with. Without complying with the interim order issued by this Court, the petitioner had approached the Joint Registrar and got further installments, which was also not complied with. Only considering the impecunious circumstance, it is directed that, the Bank shall issue a statement by registered post as on 10.12.2014 and shall grant the petitioner time to remit the entire loan amount in ten installments. The 1st installment shall be paid on or before 24.12.2014 and thereafter; the due date of instalments falling on the 24th of each succeeding month. If default is committed in two WPC.No.12048/2010 : 2 :
consecutive instalments, then the recovery proceedings shall revive and continue. On the satisfaction of the dues as per the statement, the Bank shall give a statement of the future interest from 10.12.2014 and the same shall be settled as the 11th instalment.
The writ petition stands disposed of as above. No costs.
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(K. VINOD CHANDRAN, JUDGE) jma //true copy// P.A to Judge