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2025 DAILYLAW 23086 (ALL)

VIJAY SINGH v. SENIOR / CHIEF MANAGER, INDIAN OVERSEAS BANK AND 2 OTHERS

WRIC/6144/2025 · 2025-03-02

Vikram D Chauhan

body2025

Judgment text

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Neutral Citation No. - 2025:AHC:29510 Court No. - 33 Case :- WRIT - C No. - 6144 of 2025 Petitioner :- Vijay Singh Respondent :- Senior / Chief Manager, Indian Overseas Bank And 2 Others Counsel for Petitioner :- Rajnish Kumar Srivastava,Siddharth Srivastava Counsel for Respondent :- C.S.C. Hon'ble Vikram D. Chauhan,J. 1. It has been submitted by learned counsel for the respondent-Bank that an amount of Rs. 6,11,111/- is due against the petitioner. 2. Learned counsel for the petitioner at this stage has submitted that he is ready to deposit the aforesaid amount in easy installments. 3. Sri Rahul Agrawal, advocate holding brief of Sri Manish Malhotra, learned counsel for the respondent-Bank has no objection to the aforesaid proposal of learned counsel for the petitioner. 4. In view of the aforesaid statement made by learned counsel for the petitioner, it is hereby directed that the petitioner shall deposit the aforesaid amount in six equal monthly installments and the each installment shall not be less than Rs. 1,00,000/-. The installment shall be deposited on or before 15th day of every month with the bank. The first installment would start from 12th March, 2025. The last installment would be deposited with balance amount and upto date interest. 5. In the event, the installment is deposited as undertaken by learned counsel for the petitioner, the bank shall keep the recovery in abeyance. In default of payment of any installment, the respondent-bank would be at liberty to proceed, in accordance with law, for recovery of the amount. 6. The petitioner would be at liberty to approach the respondent-Bank 7. The writ petition stands disposed of accordingly. Order Date :- 3.3.2025 S.Prakash Digitally signed by :- SHASHI PRAKASH High Court of Judicature at Allahabad