PREM CHANDRA v. UNION BANK OF INDIA (EARLIER CORPORATION BANK ) BRANCH SHAHABAD HARDOI
WRIC/4247/2025 · 2025-05-05
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 137519 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 137519 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC-LKO:25774 Court No. - 6 Case :- WRIT - C No. - 4247 of 2025 Petitioner :- Prem Chandra Respondent :- Union Bank Of India (Earlier Corporation Bank ) Branch Shahabad Hardoi Counsel for Petitioner :- Upendra Kumar Awasthi Counsel for Respondent :- Kapish Srivastava Hon'ble Pankaj Bhatia,J.
1. Heard learned counsel for the petitioner and Sri Akhilesh Pratap Singh,
learned counsel for the respondent.
2. The present petition has been filed by the petitioner stating that the statement of account of the loan taken by the petitioner is not being provided. The statement of account has been handed over across the Bar by the counsel for the respondent-Bank to the Counsel for the petitioner. He states that the amount of Rs.7,68,177/- is due and payable by the petitioner.
3. The counsel for the petitioner states that he is ready and willing to pay the said amount, however, he needs some time to pay the same as his wife is unwell.
4. Considering the said submissions, the present petition is disposed off restraining the respondent-Bank from initiating recovery proceedings subject to petitioner depositing an amount of Rs.1,00,000/- on or before 30.05.2025. The balance amount of Rs.6,68,177/- shall be paid by the petitioner in six quarterly installment of Rs.1,15,000/- each. The first installment will fall due on or before 30.09.2025 and the others on or before 31.12.2025, 31.03.2026, 30.06.2026, 30.09.2026 and 31.12.2026. The last installment will also carry the overdue interest amount.
5. In case of default of the above conditions, the respondent-Bank would be entitled to recover the entire outstanding loan amount in accordance with law.
Order Date :- 5.5.2025 KR Digitally signed by :- RABINDRA KUMAR High Court of Judicature at Allahabad, Lucknow Bench