The petitioner was aggrieved with the recovery proceedings in an admitted loan transaction. The writ petition was filed in the year 2010. If the loan subsists even now, the respondent Bank shall issue a statement of account showing the dues as on 30.11.2014, within two weeks from the date of production of a certified copy of this judgment, by registered post and shall grant the petitioner 6 monthly installments to pay off the entire dues. The proceedings shall be kept in abeyance on condition of the petitioner settling the entire loan in six equal monthly instalments. The 1st instalment shall be paid on or before 12.12.2014 and thereafter; the due date of instalments falling on the 12th of each succeeding month. If any one default is committed, then the recovery proceedings shall revive and continue. On the satisfaction of the dues as per the WPC.No.32461/2010 : 2 : statement, the Bank shall give a statement of the future interest from 30.11.2014 and the same shall be settled as the 7th instalment.
The writ petition stands disposed of as above.
No costs.
Sd/-
(K. VINOD CHANDRAN, JUDGE) jma //true copy// P.A to Judge