The learned counsel for the respondent Bank submits that the loan amounts are still pending as due. In such circumstance, the respondent Bank shall, on receipt of a certified copy of this judgment, issue a statement of account by registered post, stating the amounts due in the loan account, as on 15.12.2014 and directing payment of the same in six equal monthly installments. The 1st instalment 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 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 15.12.2014 and the same shall be settled as the 7th WPC.No.11631/2010 : 2 : instalment.
The writ petition stands disposed of as above.
No costs.
Sd/-
(K. VINOD CHANDRAN, JUDGE) jma //true copy// P.A to Judge