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2025 DAILYLAW 129016 (ALL)

MUKESH KUMAR MISHRA v. THE COLLECTOR DISTRICT GONDA AND 2 OTHERS

WRIC/2710/2025 · 2025-03-20

Pankaj Bhatia

body2025

Judgment text

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Neutral Citation No. - 2025:AHC-LKO:16200 Court No. - 6 Case :- WRIT - C No. - 2710 of 2025 Petitioner :- Mukesh Kumar Mishra Respondent :- The Collector District Gonda And 2 Others Counsel for Petitioner :- Rajeev Kumar Mishra Rudra Counsel for Respondent :- C.S.C.,Manu Dixit Hon'ble Pankaj Bhatia,J. Heard the counsel for the petitioner and the counsel for the respondent bank. The present petition has been filed challenging the recovery proceedings initiated by the respondent bank. The counsel for the respondent bank, based upon instructions, states that an amount of Rs.12,60,056/- is due and payable by the petitioner. The counsel for the petitioner undertakes to pay the said amount, however requires certain time. . In view thereof, the present writ petition is disposed off holding that the recovery shall not be processed subject to the petitioner depositing an amount of Rs.2,00,000/- (Two Lacs) on or before 29.03.2025. The remaining outstanding amount along with interest shall be paid by the petitioner in four equal installments of Rs.2,50,000/- each. Meaning thereby, the first installments shall be paid by 30.06.2025, the second installment by 30.09.2025, the third installment by 31.12.2025 and the last installment by 31.03.2026. In case of default in payment of any of the installments, the present order shall automatically come to an end and the respondent Bank will have right to recover the loan amount in accordance with law. Order Date :- 20.3.2025 VNP/- Digitally signed by :- VISHVANATH PRASAD SHUKLA High Court of Judicature at Allahabad, Lucknow Bench