Neutral Citation No. - 2025:AHC-LKO:12254 Court No. - 7 Case :- WRIT - C No. - 2073 of 2025 Petitioner :- Satya Narayan Respondent :- U.P. Shahkari Gram Vikas Bank Ltd. Head Office,Lko. Thru. Chairman And 2 Others Counsel for Petitioner :- Dharmendra Pratap Singh Counsel for Respondent :- Vinod Kumar Singh Hon'ble Pankaj Bhatia,J. 1. Heard learned counsel for the petitioner, Sri Vinod Kumar Singh, learned counsel for the respondent bank, learned Standing counsel for the State respondent 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.2,93,359/- as on 28.02.2025. 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. 2,70,000/- shall be paid in six equal quarterly installments of Rs.40,000/-. 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 30.09.2026. 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. Order Date :- 28.2.2025 Arun Digitally signed by :- ARUN KUMAR High Court of Judicature at Allahabad, Lucknow Bench