Bhagwanna v. State of U.P. and 3 Others
Case brief
What is this about?
This petition concerns a petitioner's default in repaying a bank loan. The Court allowed the petitioner to deposit the outstanding amount in eight equal six-monthly installments and stayed recovery proceedings, including auctions and attachment of agricultural land or tractors, pending compliance.
What did the court decide?
Stayed recovery proceedings and attachment of property; ordered payment of loan in eight six-monthly installments starting 16.04.2018; collection charges stayed pending Collector's decision.