SHIV MURAT v. U.P. SAHKARI GRAMYA VIKAS BANK LTD. BRANCH FAIZABAD DIST. AYODHYA AND ANOTHER
WRIC/4675/2025 · 2025-05-16
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 140455 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 140455 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:29079 Court No. - 6 Case :- WRIT - C No. - 4675 of 2025 Petitioner :- Shiv Murat Respondent :- U.P. Sahkari Gramya Vikas Bank Ltd. Branch Faizabad Dist. Ayodhya And Another Counsel for Petitioner :- Jai Narayan Pandey,Anubhav Singh Patel,Aprajita Tiwari,Ratnesh Mohan Tiwari,Sweta Pandey Counsel for Respondent :- Vinod Kumar Singh Hon'ble Pankaj Bhatia,J.
1. Heard learned counsel for the petitioner and learned counsel for the State-respondents.
2. The present petition has been filed by the petitioner challenging the action of the respondent-Bank in recovering the amount against the petitioner.
3. Learned counsel for the respondent-Bank, based upon the instructions, states that an amount of Rs. 10,10,355/- is due and payable by the petitioner as on 14.05.2025.
4. Learned counsel for the petitioner states that the petitioner is ready and willing to pay the amount, however, seeks sometime to pay the same.
5. In view thereof, it is directed that the recovery against the petitioner shall remain in abeyance, subject to the petitioner depositing an amount of Rs. 1,00,000/- (One lakh) with the respondent-Bank on or before 19th May, 2025. The balance amount of about Rs. 9,10,000/- shall be paid by the petitioner in five quarterly installments of Rs. 2 lakhs each. The first installment shall be payable on or before 30th August, 2025, the second by 30th November 2025, the third by 28th February, 2026, the fourth by 31st May, 2026 and the last installment on 31st August, 2026. The last installment shall include the overdue interests.
6. In the event of failure to pay of any of the installments as
directed above, the respondent-Bank would be at liberty to recover the amount in accordance with law.
7. It is further provided that in case, the installments are paid as
directed above, no recovery charges shall be levelled against the petitioner.
8. The writ petition stands disposed of with the above terms.
Order Date :- 16.5.2025 Shravan Digitally signed by :- SHRAVAN KUMAR High Court of Judicature at Allahabad, Lucknow Bench