Court No. - 4
Case :- WRIT - C No. - 20272 of 2019 Petitioner :- Satyveer Respondent :- State Of U P And 5 Others Counsel for Petitioner :- Uttar Kumar Goswami Counsel for Respondent :- C.S.C.,Manoj Nigam
Hon'ble Saral Srivastava,J.
Heard learned counsel for the petitioner and Sri Sachin Kumar, Advocate holding brief of Sri Manoj Nigam, learned counsel for the respondent no.s. 5 and 6.
The petitioner has taken loan from the respondent bank for the purpose of agriculture but due to some unavoidable circumstances, he could not deposit the installments on time and, therefore, the bank started recovery proceeding against him. In pursuance thereof, the respondent bank has issued recovery proceedings against him on 26.05.2019.
Learned counsel for the petitioner submits that the petitioner is ready and willing to pay the amount but some time may be granted, to which learned counsel for the respondent no. 3 has no objection.
Accordingly, the writ petition is disposed off 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 January, 2020 and the fourth by 30th April, 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 :- 14.6.2019 Sattyarth