effected when the borrower who had availed a
loan from the KFC turned to be a defaulter. The sale was reportedly
conducted on 27th November ... Learned Counsel for the petitioner submits that the petitioner
had approached the KFC on many an occasion seeking to take the auction
to its logical
19545/2009 2
3. The learned Standing Counsel for the respondent KFC
submits that the condition imposed by this Court has not been fully satisfied ... petitioner
submits that, the petitioner has filed a representation before the respondent
KFC to waive the belated interest and such other expenses, to scale down
availed a loan
of ` 73 lakhs from the Kerala Financial Corporation (KFC) in the
year 2000. The petitioners and some others were the co-
obligants ... liability; under which circumstance,
there was no other alternative for the the KFC, but to proceed
against the property of the petitioners
ASHOK KUMAR
For Respondent :SRI.M.M.SAYED MUHAMMED, SC, KFC
The Hon'ble MR. Justice P.R.RAMACHANDRA MENON
Dated :28/06/2010 ... case of the petitioner is that, the petitioner has already
approached the KFC for availing the benefit of 'OTS' and eventhough the
amounts
these Writ Petitions are filed challenging the action
taken by the KFC, invoking the machinery under the Revenue
Recovery Act , for realization of the amount ... consideration, simultaneously granting interim stay.
3. The learned Counsel appearing for the KFC submitted
that the dictum in 2007 (2) KLT 604 has become final
counsel appearing for the petitioner,
the learned Standing Counsel appearing for the KFC and also the
learned Government Pleader appearing for respondents ... connection whatsoever with regard to the financial transaction
with the respondent KFC.
4. After hearing both the sides, this Court finds that, even if
some
Lakhs was borrowed by the deceased
Mayankutty from the KFC while some other amounts were
borrowed from the SIDCO, creating mortgage over the
properties ... question. The amount due under the loan
extended by the KFC was not satisfied on time, whereby steps
were taken by the KFC by proceeding
JAJU BABU
For Respondent :SRI.A.A.ABUL HASSAN, SC, KFC
The Hon'ble MR. Justice P.R.RAMACHANDRA MENON
Dated :15/06/2010 ... loan to an extent of Rs.94 lakhs
from the respondent KFC, on the strength of the collateral securities
offered, in connection with the setting
Petitioner
Vs
1. KERALA STATE FINANCIAL CORPORATION,
... Respondent
2. THE BRANCH MANAGER,KFC PERUMBAVOOR.
3. THE SPECIAL TAHSILDAR(R.R),KFC.LTD,
For Petitioner ... JOHN JOSEPH(ROY)
For Respondent :SRI.M.M.SAYED MUHAMMED, SC, KFC
The Hon'ble MR. Justice P.R.RAMACHANDRA MENON
Dated
PALACE, GH ROAD,
CALICUT - 673 002.
BY SRI.T.V.GEORGE, SC, KFC
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ... issuance of a direction to the Second
respondent/Chief Manager, KFC to consider and finalise Ext.P11
within a reasonable time.
3. Heard
