Neutral Citation No. - 2025:AHC:115696-DB Court No. - 3 Case :- WRIT - C No. - 22879 of 2025 Petitioner :- M/S Vedant Ramkrishna Enterprises And Another Respondent :- Union Of India And Another Counsel for Petitioner :- Ashish Srivastava,Chandra Prakash Pandey Counsel for Respondent :- A.S.G.I.,Ajay Kumar Gautam,Ashish Agrawal,Shashi Dhar Sahai Hon'ble Shekhar B. Saraf,J. Hon'ble Praveen Kumar Giri,J. 1. Heard learned counsel appearing on behalf of the petitioners and Shri Shashi Dhar Sahai, learned counsel appearing on behalf of the respondent 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. 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. Learned counsel appearing on behalf of the Bank, on instructions, submits that the total amount due against the petitioners are approximately Rs. 1,27,00,000/- He, however, states that the Bank is ready to accept the amount due. 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 four weeks from the 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 September, 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 :- 17.7.2025 K.Tiwari (Praveen Kumar Giri, J.) (Shekhar B. Saraf, J.) Digitally signed by :- KRISHNA KANT TIWARI High Court of Judicature at Allahabad