VED RAM v. U.P. COOPERATIVE RULER DEVELOPMENT BANK LTD. THRU. ITS CHAIRMAN HEAD BRANCH LKO. AND ANOTHER
WRIC/5587/2025 · 2025-06-06
Jaspreet Singh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 144313 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 144313 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:34790 Court No. - 4 Case :- WRIT - C No. - 5587 of 2025 Petitioner :- Ved Ram Respondent :- U.P. Cooperative Ruler Development Bank Ltd. Thru. Its Chairman Head Branch Lko. And Another Counsel for Petitioner :- Shesh Mani,Rajesh Kumar Singh Counsel for Respondent :- Vinod Kumar Singh Hon'ble Jaspreet Singh,J. Heard learned counsel for the petitioner. Shri Vinod Kumar Singh, learned counsel has accepted notice on behalf of the respondents No.1 and 2. The submission of the learned counsel for the petitioner is that the petitioner had taken an agriculture loan in the year 2014 from the respondents-Bank for a sum of Rs.40,000/-, however, on account of certain unforeseen circumstances, the aforesaid amount could not be repaid by the petitioner and as such, the amount is now swelled to a tune of Rs.1,80,000/- as is evident from the Annexure No.1, which is an undated notice.
Learned counsel for the petitioner further pointed out that the petitioner does not wish to contest the petition on merit rather in case if he is granted indulgence to deposit the aforesaid amount in easy equal monthly installments, the petitioner is ready and willing to do so. Shri Vinod Kumar Singh, learned counsel for the respondents Bank has submitted that the Bank is primarily interested in collection of the amount and in case if the petitioner is permitted to deposit the aforesaid amount in easy equal monthly installments, the respondents-Bank will have no objection to receive the same. In the aforesaid consensus arrived at in between the parties, the present petition is disposed of with direction to the petitioner to deposit a sum of Rs.40,000/- with the respondent No.2 Bank within a period of three weeks from today. In case, if the aforesaid amount is deposited within the aforesaid period of three weeks, the respondent No.2 Bank shall issue a complete statement to the petitioner so that the remaining amount can be paid by the petitioner in six equal monthly installments commencing from
01.08.2025. The petitioner shall also pay up-to-date interest with the last installment. However, in case default of any installment, the petitioner shall not be entitled to the benefit of this order and the respondents-Bank shall be entitled to recover the amount in accordance with law. With the aforesaid, the petition is disposed of.
Order Date :- 6.6.2025 Rakesh/- Digitally signed by :- RAKESH PRAJAPAT High Court of Judicature at Allahabad, Lucknow Bench