JUDGMENT : DEVAN RAMACHANDRAN, J. 1. When this matter was called today, the learned Standing Counsel for the 1st respondent - Kerala State Financial Enterprises Ltd.(KSFE) submitted that the three “Chitty Loan” accounts of the petitioners involved in this case, can be settled for a total amount of Rs. 23,99,174/- as on 31.10.2023, along with all applicable charges and interest, provided same is paid by him in not more than 18 equal monthly installments. 2. The learned counsel for the petitioners-Sri. M.P. Abdul Hadi, accepted the afore suggestion; but prayed that number of EMIs be enhanced to at least 24. 3. Taking note of the afore submissions and in order to obtain balance between the rival interests of the parties, I allow this writ petition, directing the petitioner to pay Rs. 5,00,000/- on or before 30.11.2023; and if so, he will be allowed to pay the balance outstanding amount, along with all applicable charges and interest, in 18 equal monthly installments commencing from 05.01.2024. 4. Needless to say, if the amounts as afore are paid by the petitioners, the account will stand closed and the KSFE will return to them all security documents as are necessary; but, if on the contrary, any two consecutive instalments are defaulted, the benefit of this judgment will be lost to them and the KSFE will be at full liberty to pursue further action pursuant to Ext.P1, without having to obtain further orders from this Court. 5. It is also needless to say, therefore, that as long as the amounts as afore are paid, all further action pursuant to Ext.P1 will stand deferred.