Neutral Citation No. - 2025:AHC-LKO:3113 Court No. - 7 Case :- WRIT - C No. - 496 of 2025 Petitioner :- Udayraj Respondent :- State Of U.P. Thru. Secy. Of Cooperative Lko. And 3 Others Counsel for Petitioner :- Vinod Kumar Counsel for Respondent :- C.S.C.,Vinod Kumar Singh Hon'ble Pankaj Bhatia,J. 1. Heard learned Counsel for the petitioner as well as learned Standing Counsel and Sri Vinod Kumar Singh, learned Counsel appearing on behalf of the respondent-Bank. 2. The present petition has been filed challenging the auction proceedings for recovery of the loan amount sanctioned to the petitioner. 3. The Counsel for the respondent-Bank based upon the instructions states that an amount of Rs.3,69,770/- is due and payable by the petitioner as on 15.01.2025. 4. The The Counsel for the petitioner seeks some reasonable time to pay the loan amount, to which, the Counsel for the Bank has no objection. 5. Considering the submissions made at the Bar and the request made by the petitioner to repay the entire amount of loan along with interest, the present petition is disposed off directing that the recovery proceedings/ auction proceedings shall remain stayed subject to the petitioner depositing an amount of Rs.30,000/- on or before 31.01.2025. The balance amount of about Rs.3.3/- lac shall be paid by the petitioner in 5 equal installments. The first installment of Rs.60,000/- will fall due on or before 30.04.2025 and the others on or before 31.07.2025, 31.10.2025, 31.01.2026 and 30.04.2026. The last installment will also carry the overdue interest amount. 6. In case of default of the above conditions, the benefit of this order will not be extended to the petitioner and the respondent- Bank shall be entitled to recover the entire outstanding loan amount in accordance with law. 7. It is made clear that no further time shall be granted by this Court. 8. The respondent-Bank shall provide an updated statement of account to the petitioner within 15 days from the date of production of a certified copy of this order. 9. Any other benefit i.e. floated by the Government, if extendable to the petitioner shall also be given. Order Date :- 17.1.2025 akverma Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench