M/S. TRIMURTI TRADERS v. CANARA BANK (PREVIOUSLY SYNDICATE BANK) AND 2 OTHERS
WRIC/22083/2025 · 2025-07-20
Prashant Bilgaiyan Registrar J Criminal, Shekhar B Saraf
body2025
DailyLaw.ai
[ 2025 DAILYLAW 73732 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 73732 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC:118062-DB Court No. - 3 Case :- WRIT - C No. - 22083 of 2025 Petitioner :- M/S. Trimurti Traders Respondent :- Canara Bank (Previously Syndicate Bank) And 2 Others Counsel for Petitioner :- Aklank Kumar Jain Counsel for Respondent :- C.S.C.,Krishna Mohan Asthana Hon'ble Shekhar B. Saraf,J. Hon'ble Praveen Kumar Giri,J.
1. Heard Sri Aklank Kumar Jain, learned counsel appearing on behalf of the petitioner and Sri Sagar Srivatava, learned counsel holding brief of Sri Krishna Mohan Asthana, learned counsel appearing on behalf of respondent nos.1 and 2.
2. At the outset, learned counsel appearing on behalf of the petitioner state that the petitioner is ready and willing to deposit the amount due against him, in case he is permitted to do so in easy installments.
3. Learned counsel appearing on behalf of the Bank, on instructions, submits that the total amount due against the petitioner is Rs.22/- lakhs. He, however, states that the Bank is ready to accept the amount due.
4. Having regard to the fact that the petitioner has offered to pay the entire amount due against him and the Bank has agreed to accept the amount, in our view, ends of justice require that the petitioner be granted an opportunity to deposit the entire outstanding amount due against him in the following manner:- (i) The initial payment of 25% of the total outstanding amount shall be made by the petitioner within a period of four weeks from date. The balance amount shall be paid by the petitioner in three equal monthly installments starting from October, 2025. (ii) No recovery charges shall be taken from the petitioner by the respondent authorities. (iii) Till the period prescribed for depositing the aforesaid amount, the recovery proceedings against the petitioner will be kept in abeyance. In case the petitioner defaults in depositing the initial
amount or thereafter the installments within the stipulated period, it will be open for the respondents to start recovery proceedings against the petitioner.
5. With the aforesaid directions, the writ petition stands disposed of. Order Date :- 21.7.2025 Dev (Praveen Kumar Giri J.) (Shekhar B. Saraf, J.) Digitally signed by :- DEV PRAKASH High Court of Judicature at Allahabad