Neutral Citation No. - 2025:AHC-LKO:44203 Court No. - 7 Case :- WRIT - C No. - 6996 of 2025 Petitioner :- Dipak Respondent :- State Of Bank Of India Thru. Its General Manager Lko. U.P. And 2 Others Counsel for Petitioner :- Rajiv Raman Srivastava Counsel for Respondent :- Ankit Srivastava Hon'ble Pankaj Bhatia,J. 1. Heard learned Counsel for the petitioner and Sri Ankit Srivastava, learned Counsel appearing on behalf of the respondent-Bank. 2. The present petition has been filed challenging the impugned recovery notice whereby the petitioner has been asked to pay the entire loan amount. 3. The Counsel for the petitioner states that the petitioner is ready and willing to pay the entire loan amount if some reasonable time is granted. 4. The Counsel for the respondent-Bank based upon the instructions states that as on day, an amount of Rs.24,41,051/- is due and payable by the petitioner. 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.2,00,000/- on or before 15.09.2025. The balance amount approximately Rs.23/- lacs shall be paid by the petitioner in 6 equal installments. The first installment of Rs.4,00,000/- will fall due on or before 15.12.2025 and the others on or before 15.03.2026, 31.05.2026, 31.08.2026, 30.11.2026 and 28.02.2027. 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. It is made clear that no further time shall be granted by this Court. 8. The respondent-Bank shall provide an updated statement of account to the petitioner within 15 days from the date of production of a certified copy of this order. Order Date :- 30.7.2025 Praveen Digitally signed by :- PRAVEEN KUMAR High Court of Judicature at Allahabad, Lucknow Bench