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2025 DAILYLAW 149811 (ALL)

SMT. CHANDRAVATI DEVI v. DISTRICT MAGISTRATE / COLLECTOR DISTT. BARABANKI AND 3 OTHERS

WRIC/6357/2025 · 2025-07-07

Pankaj Bhatia

body2025

Judgment text

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Neutral Citation No. - 2025:AHC-LKO:38357 Court No. - 7 Case :- WRIT - C No. - 6357 of 2025 Petitioner :- Smt. Chandravati Devi Respondent :- District Magistrate / Collector Distt. Barabanki And 3 Others Counsel for Petitioner :- Virendra Kumar Shukla,Shyam Pratap Singh Counsel for Respondent :- C.S.C.,Vinay Shankar Hon'ble Pankaj Bhatia,J. 1. Heard learned Counsel for the petitioner as well as learned Standing Counsel and Sri Vinay Shankar, learned Counsel appearing on behalf of the respondent- Bank. 2. The present petition has been filed challenging the recovery certificate and the consequent auction of the property of the petitioner for recovery of outstanding dues. 3. The Counsel for the respondent-Bank based upon the instructions states that an amount of Rs.29,78,177/- is due and payable by the petitioner as of today. 4. The Counsel for the petitioner states that the petitioner is ready and willing to pay the abovesaid outstanding dues, if some reasonable time is given. 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.1,00,000/- on or before 11.07.2025 and thereafter the petitioner shall deposit an amount of Rs.3,00,000/- on or before 30.08.2025. The balance amount of approximately Rs.25/- lac shall be paid by the petitioner in 5 equal installments. The first installment of Rs.5,00,000/- will fall due on or before 30.11.2025 and the others on or before 28.02.2026, 31.05.2026, 31.08.2026 and 30.11.2026. 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. The amount shall be paid by the petitioner directly to the Bank. In case, the amount is paid directly to the Bank, no recovery charges shall be paid by the petitioner. Order Date :- 7.7.2025 akverma Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench