Court No. - 4
Case :- WRIT - C No. - 20019 of 2019 Petitioner :- Dayaram Respondent :- State Of U P And 2 Others Counsel for Petitioner :- Satyendra Sharma Counsel for Respondent :- C.S.C.,Manoj Nigam
Hon'ble Saral Srivastava,J.
Heard Sri Satyendra Sharma, learned counsel for the petitioner and Sri Manoj Nigam, learned counsel for respondent no. 3.
The petitioner has taken agricultural loan from the respondent bank for agricultural purpose on 28.7.2011. The petitioner has defaulted in payment of installments and, consequently, the bank has initiated recovery proceedings against the petitioner. In pursuance thereof, the respondent no. 2 has issued recovery certificate on 11.3.2019.
The petitioner has come up in the writ petition challenging the recovery certificate. The petitioner does not dispute his liability but he prays for some time for repayment of the aforesaid amount, to which learned counsel for the bank has no objection.
Accordingly, the writ petition is disposed of with liberty to the petitioner to deposit the entire amount due in four equal installments; the first installment shall be paid by 31st July, 2019, the second by 31st October, 2019, the third by 31st December, 2019 and the fourth by 31st March, 2020. While depositing the last installment, the petitioner shall also pay the interest due on the date of payment of last installment. The respondents are restrained to take any coercive action against the petitioner during the aforesaid period. In case of any default by the petitioner in payment of the installment, the protection granted herein above shall stand automatically vacated.
Order Date :- 10.6.2019 Ishan