The petitioner is aggrieved by the proceedings taken against his property for settlement of the defaulted amounts, in the loan accounts availed. 2. In the above writ petition, there was an interim order dated 14.12.2010 by which confirmation of sale has been stayed. Hence, if the loans are still in default, the petitioner shall settle the same 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 10.12.2014 and issue a statement of accounts, in accordance with which the instalments shall be paid. The 1st instalment shall be paid on or WP(C).37238/10 2 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 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 10.12.2014 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//