Rajendra Singh v. State of U.P. and 2 Others
Case brief
What is this about?
This court disposed of a writ petition challenging recovery proceedings by staying them. The petitioner agreed to repay the loan in installments. The court granted a stay conditional on a 25% deposit and quarterly payments, allowing immediate recovery upon default.
What did the court decide?
Recovery proceedings stayed conditionally; petitioner directed to deposit 25% and pay balance in four quarterly installments; default triggers immediate recovery.