Judgments
Judgments
  1. Home
  2. /
  3. High Court Of Judicature at Allahabad
  4. /
  5. 2018
  6. /
  7. January

Awadh Kishor vs Uttar Pradesh Sahkari Gram Vikas Bank Ltd

High Court Of Judicature at Allahabad|30 April, 2018
|

JUDGMENT / ORDER

Court No. - 33
Case :- WRIT - C No. - 15504 of 2018
Petitioner :- Awadh Kishor
Respondent :- Uttar Pradesh Sahkari Gram Vikas Bank Ltd. Counsel for Petitioner :- Pradip Kumar Srivastava Counsel for Respondent :- Rohit Yadav
Hon'ble Manoj Misra,J.
Heard learned counsel for the petitioner; the learned Standing Counsel for the State respondent no.1; and Sri Rajesh Kumar Tiwari holding brief of Sri Rohit Yadav for the respondent-bank.
The present petition has been filed for quashing the auction notice dated 05.03.2018 seeking to auction the property of the petitioner for recovery of Rs. 2,14,205/- towards dues payable in respect of agricultural loan availed by the petitioner from the respondent-bank.
Learned counsel for the petitioner has submitted that the petitioner is prepared to deposit the amount in installments, without disputing his liability.
Counsel for the Bank states that the anxiety of the Bank is that the amount is recovered back.
Accordingly this petition is disposed of with the following directions:
(i) Petitioner may deposit the entire amount sought to be recovered directly in concerned Bank in 6 quarterly installments.
(ii) The first installment shall be deposited by 30.05.2018 and the rest of installments shall be deposited at intervals of three months thereafter. These deposits shall be made with the Branch of the Bank from where the loan was taken.
(iii) Recovery proceedings during this period will be kept in abeyance. In case petitioner commits default in depositing any of the installments within the above stipulated time, it will be open to the respondents to start the recovery proceedings again by taking coercive process to which the petitioner undertakes not to challenge.
(iv) Petitioner may file an application for supply of statement of account along with the duly stamped self addressed envelope. In case any such application is filed, the concerned branch of the Bank will give the same to the petitioner after deposit of the first installment within fifteen days and in calculating the arrears, the amount (if any) already paid will be adjusted.
(v) Property (agricultural land/tractor) belonging to the petitioner, if attached, in connection with recovery proceedings, will be released by the concerned Tehsil authority (unless it has already been auctioned) after deposit of first installment. However, unless the property has already been auctioned, no third property right shall be created by the petitioner in either mortgaged or hypothecated property till entire bank dues are cleared.
(vi) If the installments are deposited as per the schedule fixed in this order, the recovery of collection charges would remain in abeyance till such time the Collector takes a decision and determines the collection charges/fee payable as per the legal provisions and in the light of Full Bench decision of this Court in the case of Maharajwa and others versus State of U.P. and others, reported in 2013(1) ADJ 426 (FB). Upon determination of collection charges/fee the Collector will communicate the same to the petitioner upon which the petitioner would either deposit the same within a period of 30 days or, if not satisfied, would be at liberty to assail the same in appropriate proceedings.
Order Date :- 30.4.2018 Sunil Kr Tiwari
Disclaimer: Above Judgment displayed here are taken straight from the court; Vakilsearch has no ownership interest in, reservation over, or other connection to them.
Title

Awadh Kishor vs Uttar Pradesh Sahkari Gram Vikas Bank Ltd

Court

High Court Of Judicature at Allahabad

JudgmentDate
30 April, 2018
Judges
  • Manoj Misra
Advocates
  • Pradip Kumar Srivastava