HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 35333 of 2025 Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Ajay Kumar Rai, learned counsel for the petitioner and Sri Ramesh Kumar Shukla, learned counsel for the respondent Bank. 2. Petitioner has committed default in repayment of secured debt to the respondent bank. Bank has initiated proceedings under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However, no auction has taken place. 3. At the outset, petitioner has offered to pay the outstanding amount Rs. 8,32,706/- together with entire interest due, within a period of seven months. This offer has been accepted by learned counsel for the respondent bank. 4. Accordingly, the writ petition is disposed of with the following directions: (i) The petitioner shall clear the entire arrears due, within a period of nine months i.e. not later than 30.6.2026. (ii) In discharge of dues, the petitioner shall deposit, by way of first installment, a sum of Rs. 2,32,706/- with the respondent bank, on or before 31 October 2025. (iii) Upon deposit of Rs. 2,32,706/- by the petitioner, the respondent - Bank shall immediately communicate to the petitioner the exact amount being claimed from him including interest computation up to 31 May Versus Counsel for Petitioner(s) : Ajay Kumar Rai Counsel for Respondent(s) : Ramesh Kumar Shukla M/S Ranjana Enterprises .....Petitioner(s) Hdfc Bank Ltd. And 2 Others .....Respondent(s) 2026 (on reducing balance). (iv) Petitioner shall thereafter deposit the remaining amount in three equal installments of Rs. 2,00,000/- each payable on or before 31 December 2025, 28 February 2026 and 30 April 2026 respectively. (v) The amount of interest being claimed by the respondent - Bank may be paid, by way of last installment, on or before 30 June 2026. 5. Subject to the petitioner complying the terms of this order, no coercive measure shall be adopted against the petitioner pursuant to the outstanding recovery. 6. Any amount that may have been deposited by the petitioner pursuant to the impugned demand notice, may be adjusted against the deposit to be made under this order. 7. In case of default of any of the conditions as mentioned above, the present order shall stand automatically vacated and recovery proceedings shall revive from that stage. 8. Petitioner undertakes to abide by the terms of this order and not to press its objections and statutory proceeding under the SARFAESI Act. October 7, 2025 Prakhar WRIC No. 35333 of 2025 2 (Indrajeet Shukla,J.) (Saumitra Dayal Singh,J.) Digitally signed by :- PRAKHAR SRIVASTAVA High Court of Judicature at Allahabad