UDAI PRATAP SINGH v. STATE BANK OF INDIA THRU. REGIONAL MANAGER LKO. AND ANOTHER
WRIC/2280/2025 · 2025-03-11
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 127550 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 127550 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:14735 Court No. - 7 Case :- WRIT - C No. - 2280 of 2025 Petitioner :- Udai Pratap Singh Respondent :- State Bank Of India Thru. Regional Manager Lko. And Another Counsel for Petitioner :- Vinay Misra,Sonam Kumari Thapa Counsel for Respondent :- Ankit Srivastava Hon'ble Pankaj Bhatia,J.
1. Heard Ms. Sonam Kumari Thapa, learned counsel for the petitioner and Mr. Palas Srivastava, learned counsel for respondent-Bank.
2. The present petition has been filed by the petitioner challenging the recovery certificate issued by the respondents- Bank against the petitioner for recovering an agricultural loan.
3. Learned counsel for the respondents-Bank, based upon the instructions, states that an amount of Rs.13,38,983/- is due and payable by the petitioner as on 06.03.2025.
4. Learned counsel for the petitioner seeks sometime to pay the said amount as the petitioner is a poor agriculturist.
5. In view thereof, it is directed that the recovery against the petitioner shall remain stayed, subject to the petitioner depositing an amount of Rs.40,000/- on or before 31st March,
2025. The balance amount of Rs.13,00,000/- shall be paid by the petitioner in five quarterly installments of Rs.3,00,000/- each. The first installment shall be paid on 30th June, 2025, second on 30th September, 2025, third on 31st December, 2025, fourth on 31st March, 2026 and last installment on 30th June,
2026. The last installment shall include the overdue interests. It is further stated that in case, any beneficiary scheme is launched by the State Government, the benefit of the same shall also be extended to the petitioner also.
6. In the event of failure to pay of any of the installments as
directed above, the respondent-Bank would be at liberty to recover the amount in accordance with law.
7. The writ petition stands disposed of with the above terms.
Order Date :- 11.3.2025 Ashutosh Digitally signed by :- ASHUTOSH PANDEY High Court of Judicature at Allahabad, Lucknow Bench