Neutral Citation No. - 2025:AHC:101329-DB Court No. - 3 Case :- WRIT - C No. - 15806 of 2025 Petitioner :- M/S Vidhe Steel Furniture And Another Respondent :- State Of U.P. And 2 Others Counsel for Petitioner :- Saif Ali Counsel for Respondent :- C.S.C.,Krishna Mohan Asthana Hon'ble Shekhar B. Saraf,J. Hon'ble Praveen Kumar Giri,J. 1. Heard learned counsel appearing on behalf of the petitioners, learned Standing Counsel appearing on behalf of the State respondent and Sri Krishna Mohan Asthana, learned counsel appearing on behalf of the respondent Bank. 2. Counsel on behalf of the petitioner has stated that the petitioners had taken Cash Credit Limit but the same could not be repaid as per the terms of the agreement. A sale notice dated March 11, 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 they are permitted to do so in easy installments. 3. Counsel appearing on behalf of the respondent Bank submits that the Bank is ready to accept the amount, which is due as on date i.e. Rs.18,60,000/-, 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 within a period of three weeks from date. On initial payment being made, the respondent Bank shall provide the statement of account to the petitioners forthwith. Thereafter, the balance amount shall be paid by the petitioners in three equal monthly installments starting from August, 2025. 6. Till the period prescribed for depositing the aforesaid amount, the 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 respondent Bank to proceed against the petitioners in accordance with law. 7. With the aforesaid directions, the writ petition is disposed of. Order Date :- 1.7.2025 Kuldeep (Praveen Kumar Giri, J.) (Shekhar B. Saraf, J.) Digitally signed by :- KULDEEP SINGH High Court of Judicature at Allahabad