Court No. - 5
Case :- WRIT - C No. - 18769 of 2019 Petitioner :- Yashwant Singh Respondent :- State Of U P And 3 Others Counsel for Petitioner :- Hans Pratap Singh Counsel for Respondent :- C.S.C.,Abhishek Sharma
Hon'ble Ashok Kumar,J.
Heard Sri Hans Pratap Singh, learned counsel for the petitioner, Sri Abhishek Sharma, learned counsel for the respondent-Bank and learned Standing Counsel for the respondent no. 1,2 and 3.
With the consent of the counsels for the parties, the writ petition is disposed of.
The petitioner had taken loan of Rs. 70,000/- in the year 2008 from the respondent no. 4- Bank for installing submersible.
It is submitted by the counsel for the petitioner that a sum of Rs. 10,500/- have been paid by the petitioner on 22.12.2018. Since the remaining amount of Rs. 2,27,213/- plus interest has not been paid by the petitioner, a recovery citation dated 04.01.2018 has been issued by the Tehsildar, Rath, District Hamirpur, a copy of the recovery citation is enclosed as annexure 1.
Learned counsel for the petitioner submits that the petitioner is ready to pay the principal amount plus interest in instalment.
(i). The petitioner will make payment of Rs. 50,000/- of first instalment on or before 15th June, 2019.
(ii). The second instalment of Rs.1,00,000/- will be paid by the petitioner by 31st July, 2019.
(iii). Third instalment of Rs. 50,000/- will be paid by the petitioner on or before 31st August, 2019.
After payment of 3rd instalment the respondent Bank will provide complete statement of account to the petitioner within one week. The petitioner thereafter will pay the entire amount so as indicated in the statement of account by 31st October, 2019.
Any default of the aforesaid conditions, the Bank will be free to proceed against the petitioner.
No recovery charges shall be recovered from the petitioner, if the petitioner complies the above conditions.
With the direction above, the writ petition is disposed of.
Order Date :- 29.5.2019 SK Srivastava