NARESH SINGH v. DIRECTOR, COOPERATIVE BANK U.P. SAHAKARI GRAMIN VIKAS BANK LTD. AND 2 OTHERS
WRIC/22264/2025 · 2025-07-28
Prakash Padia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 74344 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 74344 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC:125529 Court No. - 33 Case :- WRIT - C No. - 22264 of 2025 Petitioner :- Naresh Singh Respondent :- Director, Cooperative Bank U.P. Sahakari Gramin Vikas Bank Ltd. And 2 Others Counsel for Petitioner :- Manoj Pathak Counsel for Respondent :- C.S.C.,Manoj Nigam Hon'ble Prakash Padia,J.
1. It has been submitted by learned counsel for the respondent-Bank that an amount of Rs. 1,23,000/-/- is due against the petitioner as on 11.07.2025.
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 Manoj Nigam, 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 twelve equal monthly installments and the each installment shall not be less than Rs. 15,000/-. The installment shall be deposited on or before 15th day of every month with the bank. The first installment would start from 15th August, 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 :- 29.7.2025 Arti Digitally signed by :- ARTI SHARMA High Court of Judicature at Allahabad