M/S Astha Tent and Light House Thru. Its Proprietor Ravi Shankar v. Distt. Magistrate Distt. Lko. and 2 Others

Court No. - 3 Case :- WRIT - C No. - 11145 of 2023 Petitioner :- M/S Astha Tent And Light House Thru. Its Proprietor Ravi Shankar Respondent :- Distt. Magistrate Distt. Lko. And 2 Others Counsel for Petitioner :- Rajesh Kumar Awasthi Counsel for Respondent :- C.S.C.,Sudhanshu Chauhan Hon'ble Vivek Chaudhary,J. Hon'ble Manish Kumar,J. By present writ petition, the petitioner has challenged the recovery certificate dated 07.11.2023 issued by the respondent no.2/Tehsildar for recovery of the loan amount. Learned counsel for petitioner submits that the petitioner is ready and willing to deposit the entire loan amount with the respondent-Bank in easy instalments. Learned counsel for respondent Bank has no objection in case the petitioner deposits the loan amount in easy instalments. In view of aforesaid, with the consent of parties counsel, the following order is passed. The petitioner is permitted to deposit an amount of Rs.30,000/- with the respondent Bank within a period of one month from today and rest of the amount shall be deposited in equal quarterly installments within a period of one year from today. The interest shall be paid with the last instalment. The amount, if any, already deposited by the petitioner, shall be taken into consideration while fixing the instalments. Subject to the said payments, the recovery proceedings shall remain stayed. In case of failure of the first instalment and thereafter of two consecutive installments, it shall be open for the respondent authorities to initiate recovery proceedings against the petitioner in accordance with law. With the aforesaid, the writ petition is disposed of. (Manish Kumar, J.) (Vivek Chaudhary, J.) Order Date :- 19.12.2023 Arjun/- High Court of Judicature at Allahabad, Lucknow Bench