Kanchan Pandey v. State of U.P. and 3 Others

Court No. - 3 Case :- WRIT TAX No. - 1289 of 2023 Petitioner :- Kanchan Pandey Respondent :- State Of U.P. And 3 Others Counsel for Petitioner :- Diwakar Mishra Counsel for Respondent :- C.S.C. Hon'ble Siddhartha Varma,J. Hon'ble Shekhar B. Saraf,J.

¶1Sri Akansh Verma, learned counsel for respondent Nos.2 to 4, has handed over a copy of statement of account viz a viz the loan account of the petitioner, which is taken on record.

¶2From a perusal of the aforesaid statement of account, it transpired that because of the default in paying the loan amount, as on 29.11.2023 an amount of Rs.18,94,111/- was due against the petitioner.

¶3Learned counsel for the petitioner prays that the petitioner be permitted to pay the entire dues in easy installments.

¶4Learned counsel for respondent Nos.2 to 4 states that if the petitioner pays the entire amount as accrued on 29.11.2023 in six equal monthly installments then the loan account would be regularised and the installments would be rescheduled.

¶5Under such circumstances, we provide that if the petitioner deposits 25% of the outstanding amount as accrued on 29.11.2023 within a period of one month from today, the vehicle of the petitioner shall be released.

¶6In case the amount, as indicated above, is deposited by the period prescribed, the respondent Bank shall provide a fresh schedule for re-payment of balance amount, after adjusting the amount already deposited. The amount shall thereafter be deposited in five equal monthly installments.

¶7For a period of one month from today, no third party right shall be created viz a viz Vehicle No.UP50BT 9640. In case the petitioner defaults in depositing the initial amount or thereafter installments within the stipulated period, it will be open for the respondents to start recovery proceedings against the petitioner.

¶8With the aforesaid observations/directions, the writ petition stands disposed of. No order as to costs. Order Date :- 2.12.2023 Rakesh (Shekhar B. Saraf, J.) (Siddhartha Varma, J.) High Court of Judicature at Allahabad