VIJAY KUMAR PANDEY AND ANOTHER v. M/S SHRIRAM FINANCE LIMITED AND ANOTHER
A227/10709/2024 · 2025-08-05
Manish Kumar Nigam
body2025
DailyLaw.ai
[ 2025 DAILYLAW 90420 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 90420 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC:133225 Court No. - 9 Case :- MATTERS UNDER ARTICLE 227 No. - 10709 of 2024 Petitioner :- Vijay Kumar Pandey And Another Respondent :- M/S Shriram Finance Limited And Another Counsel for Petitioner :- Satyendra Nath Tripathi,Vivek Tripathi Counsel for Respondent :- Vishnu Kumar Srivastava,Ekansh Varma Hon'ble Manish Kumar Nigam,J.
1. Heard Sri Satyendra Nath Tripathi, counsel for the petitioners and Sri Ekansh Varma counsel for the respondent.
2. This writ petition has been filed for the following relief:-
"(a) direct the Executing Court i.e. the Court of District Judge, Maharajganj to permit the petitioner for making payment of Arbitration Award dated 06.09.2022 in easy installment which are initiated in pursuance of Arbitration Case No. J-181 of 2021 M/S Shri Ram Finance Limited Versus Vijay Kumar Pandy and another accordingly."
3. At the very outset, counsel for the petitioners has submitted that petitioners are ready to pay the entire outstanding amount, along with interest, in easy installments.
4. Learned counsel for the respondent submits that he has no objection, in case the petitioners are ready to deposit the amount.
5. Accordingly and with consent of counsel for the parties, the petition is disposed of as follows: - (a) a sum of Rs. 50,000/- shall be deposited by the petitioners within three weeks from today. (b) The remaining amount along with interest will be deposited in three equal bimonthly installments, so that the entire liability is cleared within next six months. After payment of second installment, the respondent will provide statement of account of balance due to the petitioners. (c) In case the amount is paid as directed by this Court, no coercive action shall be taken against the petitioners.
6. In case of default in complying with the conditions stipulated above, the instant arrangement will stand discharged automatically and the respondents will be entitled to pursue execution. Order Date :- 6.8.2025 Nitika Sri. (Manish Kumar Nigam,J.) Digitally signed by :- NITIKA SRIVASTAVA High Court of Judicature at Allahabad