Neutral Citation No. - 2025:AHC-LKO:44415 Court No. - 7 Case :- WRIT - C No. - 7320 of 2025 Petitioner :- Anjani Kumar Respondent :- District Magistrate/Collector,Distt.Raebareli And 3 Others Counsel for Petitioner :- Anjani Kumar Srivastava Counsel for Respondent :- C.S.C.,Prashant Kumar Srivastava Hon'ble Pankaj Bhatia,J. 1. Heard learned Counsel for the petitioner as well as learned Standing Counsel and Sri Prashant Kumar Srivastava, learned Counsel appearing on behalf of the respondent-Bank. 2. The present petition has been filed challenging the recovery proceedings initiated by the respondent-Bank. 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 an amount of Rs.7,23,440/- 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.1,00,000/- on or before 30.09.2025. The balance amount of about Rs.6,23,000/- and more shall be paid by the petitioner in 6 equal installments of Rs.1,05,000/-. The first installment will fall due on or before 31.12.2025 and the others on or before 31.03.2026, 30.06.2026, 30.09.2026, 31.12.2026 and 31.03.2027. 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. In case, the loan amount shall be paid within time as stated above, the recovery charges shall not be pressed from the petitioner. 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. In case any beneficial scheme/ OTS come, the petitioner will be at liberty to claim the said benefit. Order Date :- 31.7.2025 akverma Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench