Neutral Citation No. - 2025:AHC-LKO:23598 Court No. - 6 Case :- WRIT - C No. - 3862 of 2025 Petitioner :- Dev Dhar Tiwari Respondent :- State Of U.P. Thru. Secy. Co-Operative, Lko. And 3 Others Counsel for Petitioner :- Vinod Kumar Counsel for Respondent :- C.S.C.,Vinod Kumar Singh Hon'ble Pankaj Bhatia,J. 1. Heard the counsel for the petitioner and Sri V K Singh who appears for the respondent bank. 2. The present petition has been filed by the petitioner challenging the recovery proceedings initiated by the respondent bank against the petitioner. 3. The counsel for the respondent bank, based upon the instructions, states that an amount of Rs.2,97,458/- is due and payable by the petitioner as per the notice. 4. The counsel for the petitioner states that the petitioner is ready and willing to pay the entire outstanding amount, however, in easy installments to which the Counsel for the respondent Bank has no objection to the proposal made by the Counsel for the petitioner. 5. Considering the said statement, the present writ petition is disposed off directing that the recovery shall not be pursued against the petitioner subject to the petitioner depositing an amount of Rs.25,000/- on or before 30.06.2025. 6. The remaining outstanding amount of approximately Rs.2,72,000/- and odd along with overdue interest shall be paid by the petitioner in five equal quarterly installments of Rs.50,000/- each. Meaning thereby, the first installments shall be paid by 30.09.2025, the second installment by 31.12.2025, third installment by 31.03.2026, fourth installment by 30.06.2026 and the last installment with overdue interest and principle amount by 30.09.2026. 7. 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. 8. In case any beneficial scheme is floated in the meanwhile, the petitioner would also be entitled to claim the said benefit. Order Date :- 24.4.2025 VNP/- Digitally signed by :- VISHVANATH PRASAD SHUKLA High Court of Judicature at Allahabad, Lucknow Bench