Neutral Citation No. - 2025:AHC-LKO:4063 Court No. - 7 Case :- WRIT - C No. - 464 of 2025 Petitioner :- Kuldeep Singh Respondent :- U.P. Sahkari Gram Vikas Bank Ltd. Lko. Thru. Its Auth. Officer And 2 Others Counsel for Petitioner :- Apoorv Srivastava,Aakash Srivastava,Sunil Mohan Counsel for Respondent :- Gaurav Mehrotra,C.S.C. Hon'ble Pankaj Bhatia,J. 1. Present petition has been filed by the petitioner challenging the recovery proceedings initiated by the Bank as well as auction notice dated 11.12.2024. 2. Learned counsel for the respondent/Bank, on instruction, states that in pursuance to the impugned auction notice, the auction could not held, however, he states that an amount of Rs.3,16,560/- is pending and payable by the petitioner as on 31.12.2024. 3. Learned counsel for the petitioner states that the petitioner is ready and willing to pay the said amount, however, he seeks some reasonable time to pay the same. 4. In view of the readiness and willingness shown by the petitioner, the present petition is disposed off providing that the recovery against the petitioner shall not be pursued subject to the petitioner depositing Rs.20,000/- on or before 22.02.2025. 5. The balance amount of Rs.2,96,000/- and odd shall be paid by the petitioner in six quarterly installments. Meaning thereby, the first installment of Rs.49,000/- shall be paid by 31.05.2025, second installment of Rs.49,000/- by 31.08.2025, third installment of Rs.49,000/- by 30.11.2025, fourth installment of Rs.49,000/- by 28.02.2026, fifth installment of Rs.49,000/- by 31.05.2026, and sixth and the last installment shall be paid by 31.08.2026, which shall include the remaining balance, overdue interest and any other charges. 6. In case of default in paying any of the amount, the present order shall automatically come to an end and the respondent/Bank would be at liberty to press the recovery in accordance with law. Order Date :- 22.1.2025 nishant Digitally signed by :- NISHANT MOHAN High Court of Judicature at Allahabad, Lucknow Bench