LALJI v. DISTRICT MAGISTRATE/COLLECTOR DISTT. AYODHYA AND 3 OTHERS
WRIC/8938/2025 · 2025-09-15
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 164095 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 164095 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW WRIT - C No. - 8938 of 2025 Court No. - 6 HON'BLE PANKAJ BHATIA, J.
1. Heard learned Counsel for the petitioner as well as learned Standing Counsel and Ms. Yash Kirti holding brief of Sri Prashant Kumar Srivastava, learned Counsel appearing on behalf of the respondent-Bank.
2. The present petition has been filed seeking a direction to the opposite parties to allow the petitioner to repay the loan amount.
3. The Counsel for the respondent-Bank based upon the instructions states that an amount of Rs.8,38,027/- is due and payable by the petitioner.
4. 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.
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 30.11.2025. The balance amount of about Rs.7,38,027/- shall be paid by the petitioner in 6 equal installments. The first installment of Rs.1,25,000/- will fall due on or before 28.02.2026 and the others on or before 31.05.2026, 31.08.2025, 30.11.2026, 28.02.2027 and 31.05.2027. 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 Versus Counsel for Petitioner(s) : Rama Niwas Pathak Counsel for Respondent(s) : C.S.C., Prashant Kumar Srivastava Lalji .....Petitioner(s) District Magistrate/Collector Distt. Ayodhya And 3 Others .....Respondent(s)
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.
9. In case, the petitioner approaches for one time settlement, the same also be considered in accordance with law. September 15, 2025 akverma WRIC No. 8938 of 2025 2 (Pankaj Bhatia,J.) Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench