Court No. - 4
Case :- WRIT - C No. - 20208 of 2019 Petitioner :- Shripal Respondent :- State Of U.P. And 2 Others Counsel for Petitioner :- Santosh Kukmar Tiwari Counsel for Respondent :- C.S.C.,Manoj Nigam
Hon'ble Saral Srivastava,J.
Heard learned counsel for the petitioner and Sri Sachin Kumar holding brief of Sri Manoj Nigam, learned counsel for the respondent bank.
The petitioner has taken loan of Rs. 1,60,000/- from the respondent no. 3 for the purpose of poultry farm 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 no. 3 has issued recovery proceedings against him on 17.06.2019.
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 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 :- 13.6.2019 S.Sharma