Balwant Singh and Another v. District Magistrate Distt. Kheri and 3 Others

Court No. - 8 Case :- WRIT - C No. - 10325 of 2023 Petitioner :- Balwant Singh And Another Respondent :- District Magistrate Distt. Kheri And 3 Others Counsel for Petitioner :- Alok Singh Counsel for Respondent :- C.S.C.,Vinay Shankar Hon'ble Pankaj Bhatia,J.

¶1The present petition has been filed by the petitioner stating that the efforts are being taken to recover the loan amount by selling the property.

¶2It is argued that the petitioner is ready and willing to pay the outstanding dues, however prays that sometime may be granted to pay the same.

¶3In terms of the instructions of the counsel for the respondent no.3 bank, it is argued that the total amount of Rs.2,69,117/- is due which the petitioner is ready and willing to pay.

¶4Considering the said submissions, the present petition is disposed off directing that in case the petitioner pays the entire outstanding amount in four equal installments, the recovery proceedings in pursuance to notice shall be kept in abeyance. Meaning thereby, the first installment of Rs.65,000/- shall be paid on or before 15.02.2024, the second installment of Rs.65,000/- by 15.05.2024, the third installment of the same amount by 05.08.2024 and the fourth and last installment which includes the accrued interest and cost shall be paid by the petitioner on or before 31.11.2024.

¶5In case of default, the present order shall automatically come to an end and the respondent Bank will have right to recover the loan amount in accordance with law.

¶6It is made clear that the petitioner shall not be required to pay any recovery charges if the amounts are paid as directed above. Order Date :- 24.11.2023 VNP/- High Court of Judicature at Allahabad, Lucknow Bench