Raja Ram v. Bank Manager / Authorized Officer U.P. Sahkari Gram Vikas Bank , Gonda and Another

Court No. - 3 Case :- WRIT - C No. - 10614 of 2023 Petitioner :- Raja Ram Respondent :- Bank Manager / Authorized Officer U.P. Sahkari Gram Vikas Bank , Gonda And Another Counsel for Petitioner :- Sandeep Kumar Pandey Counsel for Respondent :- Sanjeev Kumar Singh,C.S.C. Hon'ble Vivek Chaudhary,J. Hon'ble Manish Kumar,J.

¶1Heard learned counsel for the petitioner, learned Standing Counsel for the State and Sri Sanjeev Kumar Singh, learned counsel for the respondent-Bank.

¶2By the present writ petition, the petitioner has challenged the recovery notices dated 18.5.2023 and 20.11.2023 issued by respondent no.2.

¶3Learned counsel for the petitioner submits that the petitioner is ready to deposit the entire loan amount with the respondent-Bank in easy installments.

¶4Learned counsel for the respondents have no objection in case the petitioner deposits the loan amount in installments.

¶5In view of aforesaid, with the consent of parties counsel, the following order is passed:

¶6The petitioner is permitted to deposit an amount of Rs.25,000/- with the respondent-Bank within a period of one month from today and rest of the amount to be paid by the petitioner in equal quarterly installments within a period of one year from today. After payment of first installment of Rs.25,000/-, Bank shall provide a statement of account to the petitioner within fifteen days. The interest shall be paid with the last installment.

¶7The amount, which is already deposited by the petitioner, shall be taken into consideration while fixing the installments. Subject to the said payments, the recovery notices dated

18.5.2023 and 20.11.2023 shall remain stayed.

¶8In case of two consecutive failures of installments, it shall be open for the respondent authorities to initiate recovery proceedings against the petitioner in accordance with law.

¶9With the aforesaid, the writ petition is disposed of. [Manish Kumar,J.] [Vivek Chaudhary,J.] Order Date :- 11.12.2023 Sachin High Court of Judicature at Allahabad, Lucknow Bench