Court No. - 7
Case :- WRIT - C No. - 39255 of 2018 Petitioner :- Pramod Kumar Kanaujiya Respondent :- State Of U.P. And 3 Others Counsel for Petitioner :- Mithilesh Kumar Shukla,Diwanshu Tiwari Counsel for Respondent :- C.S.C.,Fahd Iqbal
Hon'ble Saumitra Dayal Singh,J.
1. Heard Sri Mithilesh Kumar Shukla, learned counsel for the petitioner and Sri Fahd Iqbal, learned counsel for the respondent-bank.
2. With the consent of learned counsel for the parties, this writ petition is being finally disposed of at this stage without calling for a counter affidavit.
3. By this writ petition, the petitioner has prayed for quashing the impugned recovery certificate dated 30.06.2017 for Rs. 1,72,559/- plus interest.
4. The petitioner had taken a loan of Rs. 1,00,000/- for agriculture purpose in the year 2014. It is admitted to the petitioner that a default has been committed by him in making timely repayments of that loan. Consequently, recovery proceedings have been initiated against him.
5. Learned counsel for the petitioner submits that the petitioner is ready to deposit the entire recovery amount within the time fixed by this Court.
6. Learned counsel appearing for the bank fairly states that the bank is interested in realizing the entire amount alongwith interest. If the petitioner deposits the amount within the time allowed by this Court, no further action shall be taken against him by the bank.
7. On the facts and circumstances of the case and in the interest of justice, the writ petition is disposed of with the following directions:
(i) The petitioner shall deposit the entire amount due to the bank in six equal installments, beginning from 31.12.2018.
(ii) By way of first installment, the petitioner shall deposit Rs. 35,000/- on or before 31.12.2018.
Thereafter the rest of the amount shall be deposited by five equal quarterly installments beginning from 31 March 2019.
(iii) On depositing the aforesaid amount of Rs. 35,000/-, the respondent bank shall provide a statement of account to the petitioner within two weeks thereafter disclosing the exact amount disbursed by the bank as loan; exact amount/s repaid by the petitioner together with dates of deposit; rate of interest and amount/s of interest charged by the bank. Such statement be expressed in such terms/language as may be easy to comprehend even by a lay-man such as the petitioner.
(iv) The bank shall in the statement so supplied, itself calculate & indicate the amount/s of each remaining installment together with the date of payments due.
(v) Thus, the balance amount so indicated by the bank shall be deposited by the petitioner through the remaining five equal quarterly installments.
(vi) If the entire amount is deposited by the petitioner as directed above, no recovery charge shall be realized from the petitioner as admittedly, he is a farmer in default.
(vii) In case of default of the conditions as mentioned above, the present order shall stand automatically vacated and recovery proceedings shall revive from that stage.
8. The writ petition is disposed of in the above terms.
Order Date :- 30.11.2018 S.Chaurasia