Court No. - 6
Case :- WRIT - C No. - 42188 of 2019 Petitioner :- Rajesh Singh Respondent :- State Of U.P. And 2 Others Counsel for Petitioner :- Madan Singh Counsel for Respondent :- C.S.C.,Satyam Singh
Hon'ble Anjani Kumar Mishra,J.
Heard learned counsel for the petitioner.
Admittedly petitioner has defaulted in repayment of an agricultural loan taken from the respondent-Bank. A recovery certificate for recovering of Rs. 4,92,550/- has been issued to him.
Petitioner submits that he is ready to deposit whole of the amount in easy installments.
Shri Satyam Singh, learned counsel for the Bank states that the Bank wants to recover the amount payable.
Under the circumstances, this petition is disposed of with the following directions:
(i) Petitioner may deposit the entire amount sought to be recovered in five equal installments.
The first installment shall necessarily be deposited within a period of one month from today. Rest of installments shall be deposited, at intervals of two months. The recovery proceedings, during this period shall be kept in abeyance.
In case petitioner commits default in depositing any of the installments within the stipulated time, it will be open to the respondents to adopt coercive process which will not be objected to by the petitioner.
The writ petition stands disposed of with the aforesaid observations and directions.
Order Date :- 18.12.2019 RKM