HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 34323 of 2025 Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Navin Kumar learned counsel for the petitioners and Sri Shashi Dhar Sahai learned counsel for the respondent bank. 2. Petitioners have committed default in repayment of secured debt to the respondent-Bank. Bank has initiated proceedings under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However, no auction has taken place and no third party rights have intervened. 3. At the outset, petitioners have offered to pay the outstanding amount Rs. 5,94,576.60 /- together with entire interest due, within a period of 06 months. This offer has been accepted by learned counsel for the respondent - Bank. 4. Accordingly, the writ petition is disposed of with the following directions: (i) The petitioners shall clear the entire arrears due, within a period of 06 months i.e. not later than 15.03.2026 . (ii) In discharge of dues, the petitioners shall deposit, by way of first installment, a sum of Rs. 1,94,576.60 /- with the respondent - Bank, on or before 15 November 2025. (iii) Upon deposit of Rs. 1,94,567.60 /- by the petitioners, the respondent - Versus Counsel for Petitioner(s) : Ayushi Singh, Navin Kumar Counsel for Respondent(s) : A.S.G.I., Anadi Krishna Narayana Mohammad Shahid And Another .....Petitioner(s) Union Of India And Another .....Respondent(s) Bank shall immediately communicate to the petitioners the exact amount being claimed from him including interest computation up to 15.02.2026 (on reducing balance). (iv) Petitioners shall thereafter deposit Rs. 2,00,000 /- on or before 15 January 2026 by way of second installment. (v) The amount of interest being claimed by the respondent - Bank may be paid, by way of last installment, on or before 15 March 2026. 5. Subject to the continued compliance of the order being made by the petitioners, the auction proceedings may be kept in abeyance so however that the attachment shall continue but the secured asset may not be auctioned and physical possession may not be altered. 6. Any amount that may have been deposited by the petitioners pursuant to the impugned demand notice, may be adjusted against the deposit to be made under this order. 7. In case of default of any of the conditions as mentioned above, the present order shall stand automatically vacated and recovery proceedings shall revive from that stage. 8. Petitioners undertake to abide by the terms of this order and not to press their objections and statutory proceedings under the SARFAESI Act. October 9, 2025 Faraz WRIC No. 34323 of 2025 2 (Indrajeet Shukla,J.) (Saumitra Dayal Singh,J.) Digitally signed by :- FARAZ AHMAD High Court of Judicature at Allahabad