Neutral Citation No. - 2025:AHC-LKO:9822 Court No. - 7 Case :- WRIT - C No. - 1502 of 2025 Petitioner :- Dileep Respondent :- Bhumi Vikas Bank Limited Branch Faizabad Now Ayodhya Thru. Manager Counsel for Petitioner :- Narendra Bahadur Singh Counsel for Respondent :- Balram Yadava Hon'ble Pankaj Bhatia,J. 1. Heard learned counsel for the parties and perused the record. 2. The present writ petition has been filed by the petitioner challenging the auction proceedings initiated by the respondent-bank for recovery of its dues. 3. The counsel for the petitioner at the very outset states that he is ready and willing to pay the amount, however, seeks a little time to pay the amount in installments. 4. As per the respondent bank, the amount due against the petitioner is Rs.2,06,726/- as on 11.02.2025. 5. Considering the said statement, the present petition is disposed of holding that no action shall be taken for recovery of the amount subject to the petitioner depositing an amount of Rs.25,000/- on or before 31.03.2025. Balance amount Rs. 1,80,000/- and odd shall be paid in six equal installments of Rs.30,000/- each. The first installment shall be paid on or before 30.06.2025, second installment shall be paid on or before 30.09.2025, third installment shall be paid on or before 31.12.2025, the fourth installment shall be paid on or before 31.03.2026, fifth installment shall be paid on or before 30.06.2026 and the sixth and final installment including the overdue interest shall be paid by the petitioner on or before 30.092026. In case of failure to pay any installment as directed above, the respondent- bank would be entitled to recover the amount in accordance with law. It is further provided that in case the petitioner approaches for settlement of amount in terms of the policy, the bank shall take a decision within three weeks of the petitioner's approaches. In case, the settlement is accepted, the amount shall be payable in terms of the settlement. Order Date :- 14.2.2025 Arun Digitally signed by :- ARUN KUMAR High Court of Judicature at Allahabad, Lucknow Bench