Kripa Shankar Pandey v. State of U.P. Thru. Collector, District-Amethi and 2 Others

Court No. - 8 Case :- WRIT - C No. - 10380 of 2023 Petitioner :- Kripa Shankar Pandey Respondent :- State Of U.P. Thru. Collector, District-Amethi And 2 Others Counsel for Petitioner :- Vinod Mishra Counsel for Respondent :- C.S.C.,Avdhesh Shukla Hon'ble Pankaj Bhatia,J.

¶1The present petition has been filed by the petitioner challenging the recovery notice dated 04.11.2023 whereby an amount of Rs.1,80,780.19/- plus interest was proposed to be recovered from him.

¶2The Counsel for the petitioner states that the petitioner has suffered loss but is ready and willing to pay the entire outstanding in easy installments.

¶3The Counsel for the respondent Bank Sri Avdhesh Shukla has no objection to the proposal made by the Counsel for the petitioner. He states that at present the outstanding amount against the petitioner is Rs.1,98,631/-

¶4In view of above, the present writ petition is disposed off providing that the recovery issued against the petitioner shall not be affected subject to depositing Rs.30,000/- on or before

31.01.2024.

¶5The remaining outstanding amount along with interest shall be paid by the petitioner within a year in three equal installments. Meaning thereby, the first installment of Rs.50,000/- shall be paid by 30.04.2024, the second installment of Rs.50,000/- by 31.08.2024, third and last installment by

31.12.2024. The last installment shall contain the accrued interest thereon. The recovery notice shall remain stayed till

31.12.2024.

¶6In case of default, the present order shall automatically come to an end and the respondent Bank has right to recover the loan amount in accordance with law.

¶7It 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 :- 29.11.2023 akverma High Court of Judicature at Allahabad, Lucknow Bench