Hon'ble Virendra Kumar Dixit,J.
Heard Mr.Sunil Kumar Singh, learned counsel for the petitioner.
The petitioner has challenged the recovery citation dated 20th of March, 2010, whereby he has been asked to repay the loan amounting to Rs.53,550/- alonngwith other charges.
The learned counsel for the petitioner submits that against the aforesaid amount he has already deposited Rs.27,000/- , therefore, whatever balance is due that is liable to be paid by the petitioner.
Considering his request we hereby stay the operation of recovery proceedings subject to deposition of the balance amount, whatever is due for payment, in two installments within four months.
In case the petitioner has made certain payments, and the adjustment of which has not been made in the amount demanded, it will be open to the petitioner to give proof of the same to the Bank and if such a proof is given, the Bank shall adjust the said amount.
In case the petitioner commits any default in complying with any of the aforesaid conditions, the benefit of this order would not be available to the petitioner and it will be open to the opposite parties to realize the entire amount due in accordance with law.
With the above directions, the writ petition is disposed of finally.
Order Date :- 28.6.2010 Banswar