The petitioner has taken a loan from the respondent, the recovery in which has been challenged herein. If the petitioner has not satisfied the loan amount or the recovery proceedings having not yet been concluded, then the petitioner shall produce a certified copy of this judgment before the respondent Bank withing two weeks from the date of receipt of a copy of this judgment. The respondent Bank shall then issue a statement of account showing the entire dues as on 20.12.2014 and grant the petitioner ten equal monthly installments to pay off the entire dues. The 1st installment shall be paid on or before 01.01.2015 and thereafter; the due date of instalments falling on the 01st of each succeeding month. If default is committed in two 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 20.12.2014 and the same shall be settled as the WPC.No.2120/2011 : 2 : 11th instalment.
The writ petition stands disposed of as above. No costs.
Sd/-
(K. VINOD CHANDRAN, JUDGE) jma //true copy// P.A to Judge