Research › Search › Judgment

Allahabad High Court · body

2025 DAILYLAW 131601 (ALL)

PREM PRAKASH v. STATE OF U.P. THRU. ADDL. CHIEF SECY. REVENUE AND 3 OTHERS

WRIC/3163/2025 · 2025-04-05

Pankaj Bhatia

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

Neutral Citation No. - 2025:AHC-LKO:19044 Court No. - 6 Case :- WRIT - C No. - 3163 of 2025 Petitioner :- Prem Prakash Respondent :- State Of U.P. Thru. Addl. Chief Secy. Revenue And 3 Others Counsel for Petitioner :- Onkar Nath Tiwari Counsel for Respondent :- C.S.C.,Sharad Kumar Shukla Hon'ble Pankaj Bhatia,J. 1. Heard learned Counsel for the petitioner as well as learned Standing Counsel and Sri Sharad Kumar Shukla, learned Counsel appearing on behalf of the respondent-Bank. 2. The present petition has been filed challenging the recovery proceedings initiated by the respondent-Bank for recovery of the loan amount. 3. The Counsel for the respondent-Bank based upon instructions states that an amount of Rs.10,20,000/- is due and payable by the petitioner as on 20.03.2025. 4. The Counsel for the petitioner states that the petitioner is ready and willing to pay the outstanding amount subject to some time granted as the petitioner is suffering from substantial medical complications and is a poor person. 5. Considering the submissions made at the Bar and the request made by the petitioner to repay the entire amount of loan along with interest, the present petition is disposed off directing that the recovery proceedings shall remain stayed subject to the petitioner depositing an amount of Rs.40,000/- on or before 04.05.2025. The balance amount approximately Rs.9,80,000/- shall be paid by the petitioner in 7 equal installments. The first installment of Rs.1.5/- lac will fall due on or before 30.08.2025 and the others on or before 30.11.2025, 28.02.2026, 31.05.2026, 31.08.2026, 30.11.2026 and 28.02.2027. The last installment will also carry the overdue interest amount. 6. In case of default of the above conditions, the benefit of this order will not be extended to the petitioner and the respondent-Bank shall be entitled to recover the entire outstanding loan amount in accordance with law. 7. It is made clear that no further time shall be granted by this Court. 8. In case any beneficial scheme is floated by the Bank, the same shall be extended to the petitioner in accordance with law. Order Date :- 5.4.2025 akverma Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench