Neutral Citation No. - 2025:AHC-LKO:18027 Court No. - 6 Case :- WRIT - C No. - 3068 of 2025 Petitioner :- Moti Lal Respondent :- State Of U.P. Thru. Additional Chief Secy. Deptt. Of Finance,Lko. And 2 Others Counsel for Petitioner :- Dr. Surendra Kumar Misra,Avnish Kumar Tiwari Counsel for Respondent :- C.S.C.,Nitin Srivastava Hon'ble Pankaj Bhatia,J. 1. Heard the counsel for the petitioner and Sri Nitin Srivastava, who appears for the respondent bank. 2. The present petition has been filed by the petitioner challenging the recovery certificate dated 19.01.2024 issued by the respondent bank for recovery of the loan granted to the petitioner. 3. The counsel for the respondent bank, based upon the instructions, states that an amount of Rs.2,47,071/- was due and payable including the interest up to 31.03.2023. 4. The counsel for the petitioner states that he is ready and willing to pay the entire outstaying amount, however seeks some time to repay the same. 5. In view of the said, the present petition is disposed off with direction that the recovery issued against the petitioner shall not be affected subject to the petitioner depositing an amount of Rs.30,000/- on or before 30.04.2025. 6. The remaining outstanding amount approximately Rs.2,40,000/- and odd shall be paid by the petitioner in five equal installments of Rs.50,000/- each. The first installment shall be paid by 31.07.2025, the second installment by 31.10.2025, third installment by 31.01.2026, the fourth installment by 30.04.2026 and the last installment by 31.07.2026 which includes the interest part also. 7. In the event of failure to deposit any of the installments, as indicated above, the bank would be at liberty to recover the amount in accordance with law. 8. In case, any beneficial scheme is floated by the State Government or by the Bank, the benefit of the same shall be extended to the petitioner also. Order Date :- 1.4.2025 VNP/- Digitally signed by :- VISHVANATH PRASAD SHUKLA High Court of Judicature at Allahabad, Lucknow Bench