KULDEEP SINGH AND 2 OTHERS v. U.P. SAHAKARI GRAM VIKAS BANK LTD. THRU. MANAGING DIRECTOR LKO AND 2 OTHERS
WRIC/10794/2025 · 2025-11-11
Prashant Kumar, Shekhar B Saraf
body2025
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[ 2025 DAILYLAW 181259 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 181259 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW WRIT - C No. - 10794 of 2025 Court No. - 3 HON'BLE SHEKHAR B. SARAF, J.
HON'BLE PRASHANT KUMAR, J.
1. Heard learned counsel appearing on behalf of the petitioners and Shri Vinod Kumar Singh, learned counsel appearing on behalf of the respondents Bank. 2. Counsel on behalf of the petitioners has stated that the petitioners had taken loan but the same could not be repaid as per the terms of the agreement. A citation dated 11.06.2025 has been issued by the respondents to which challenge has been made in the instant writ petition. Learned counsel appearing for the petitioners states that the petitioners are ready and willing to deposit the amount due against them in case he is permitted to do so in easy installments. 3. Counsel appearing on behalf of the respondents Bank submits that the Bank is ready to accept the amount, which is due as on 30th September, 2025 i.e. Rs.4,00,468/-, if the petitioners deposit the same in monthly installments. 4. Upon hearing the counsel appearing on behalf of the parties and after considering the material on record, we are of the view that the appropriate direction should be issued. 5. Accordingly, we direct that the initial payment of 25% of the aforementioned due amount shall be made by the petitioners by December 31, 2025. On initial payment being made, the respondents Bank shall Versus Counsel for Petitioner(s) : Diwakar Singh Kaushik Counsel for Respondent(s) : Vinod Kumar Singh Kuldeep Singh And 2 Others .....Petitioner(s) U.P. Sahakari Gram Vikas Bank Ltd. Thru. Managing Director Lko And 2 Others .....Respondent(s)
provide the statement of account to the petitioners forthwith. Thereafter, the balance amount shall be paid by the petitioners in four equal monthly installments starting from January, 2026. 6. Till the period prescribed for depositing the aforesaid amount, the auction notice and recovery proceedings against the petitioners will be kept in abeyance. However, we make it clear that in case the petitioners default in depositing the initial amount or thereafter the installments within the stipulated period, it will be open for the respondents Bank to proceed against the petitioners in accordance with law. 7. With the aforesaid directions, the writ petition is disposed of.
November 11, 2025 Ashutosh WRIC No. 10794 of 2025 2 (Prashant Kumar,J.) (Shekhar B. Saraf,J.) Digitally signed by :- ASHUTOSH PANDEY High Court of Judicature at Allahabad, Lucknow Bench