M/S PRAKSHI INFRASTRUCTURE AND DEVELOPERS v. UNION OF INDIA AND 2 OTHERS
WRIC/23569/2025 · 2025-10-08
Indrajeet Shukla, Saumitra Dayal Singh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 76651 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 76651 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 23569 of 2025 Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J.
HON'BLE INDRAJEET SHUKLA, J.
1. Having heard learned counsel for the petitioner, Sri Abhyuday Bajpai, Advocate holding brief of Sri Anil Kumar Bajpai, learned counsel for the Bank and Sri Abrar Ahmad, learned counsel for the Union of India, it transpires, the petitioner is seeking early disposal of one time settlement (OTS) application with respect to loan account number 540006390000006.
2. At the outset, learned counsel for the Bank states if the petitioner would comply the term of the one time settlement scheme, the bank would process his application strictly in accordance with law.
3. In view of above, no useful purpose would be served in keeping this petition pending or calling for a counter affidavit at this stage.
4. The writ petition is disposed of with the observation if the petitioner complied with the terms of the OTS within two weeks from today and makes necessary deposits, his application seeking OTS may be dealt with and decided it strictly in accordance with law as expeditiously as possible preferably within a period of two months from the date of compliance shown by the petitioner.
October 9, 2025 Mohit Versus Counsel for Petitioner(s) : Sangam Singh Counsel for Respondent(s) : A.S.G.I., Abrar Ahmad, Anil Kumar Bajpai, Ashish Agrawal (Indrajeet Shukla,J.) (Saumitra Dayal Singh,J.) M/S Prakshi Infrastructure And Developers .....Petitioner(s) Union Of India And 2 Others .....Respondent(s) Digitally signed by :- MOHIT KUMAR KUSHWAHA High Court of Judicature at Allahabad