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2025 DAILYLAW 115548 (ALL)

SHIV PRAKASH SHRIVASTAV v. DISTRICT MAGISTRATE/COLLECTOR DISTRICT AYODHYA AND 3 OTHERS

WRIC/180/2025 · 2025-01-10

Pankaj Bhatia

body2025

Judgment text

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Neutral Citation No. - 2025:AHC-LKO:1972 Court No. - 7 Case :- WRIT - C No. - 180 of 2025 Petitioner :- Shiv Prakash Shrivastav Respondent :- District Magistrate/Collector District Ayodhya And 3 Others Counsel for Petitioner :- Jay Narayan Mishra,Govind Kumar,Sandeep Rawat Counsel for Respondent :- C.S.C.,Desh Deepak Singh Hon'ble Pankaj Bhatia,J. Heard learned counsel for the petitioner, learned Standing Counsel for the State-respondents and Shri Desh Deepak Singh, learned counsel for the respondent bank. The instant writ petition has been filed basically challenging the recovery of the loan granted allegedly pending against the petitioner. Learned counsel for the respondent bank based upon the instructions states that an amount of Rs 6,98,446/- is due and payable by the petitioner. The petitioner based upon instructions states that he is ready and willing to pay the dues. However he seeks some time as the petitioner is a poor agriculturist. Considering the said submission made at the bar, the present petition is dispose of holding that recovery proceedings against the petitioner shall not be initiated subject to the petitioner depositing an amount of Rs 1 lakhs on or before 09.02.2025. The balance amount of Rs 6 lakhs and odd shall be paid by the petitioner in six equal installments. The first installment of Rs 1 lakhs shall be payable by the petitioner to the respondent bank on or before 30.04.2025, the next installments would paid on or before 31.07.2025, 31.10.2025, 31.01.2026, 30.04.2026 and 31.07.2026. The last installment shall include the overdue interest, if any. In the event of failure on the part of the petitioner to deposit any of the installments as directed above, the respondent bank would be at liberty to execute the order in accordance with law. Order Date :- 10.1.2025 J. K. Dinkar Digitally signed by :- JESHU KUMAR DINKAR High Court of Judicature at Allahabad, Lucknow Bench