Disposed

Mohd. Amjad v. State of U P and 2 Others

Allahabad HC11 Dec 2019WRIC/40292/2019

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What is this about?

The High Court disposed of a writ petition arising from a bank loan default. The petitioner agreed to repay the outstanding amount via four instalments starting January 2020. The Court ordered recovery proceedings to remain in abeyance during this period, subject to conditions regarding default and account statement disclosure.

What did the court decide?

Petitioner directed to deposit loan amount in four instalments over four months; recovery proceedings stayed conditionally.

Mohd. Amjad Vs State of U P and 2 Others — Service and Employment | Allahabad HC (2019)

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Court No. - 32

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Case :- WRIT - C No. - 40292 of 2019

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Petitioner :- Mohd. Amjad Respondent :- State Of U P And 2 Others Counsel for Petitioner :- Dhirendra Kumar Srivastava,Mohd. Naushad Counsel for Respondent :- C.S.C.,Habib Ahmad

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Hon'ble Shashi Kant Gupta,J. Hon'ble Piyush Agrawal,J.

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Heard learned counsel for the petitioner, Mr. Habib Ahmad, learned counsel for the respondent Bank and learned Standing Counsel for the State respondents.

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Learned counsel for the petitioner does not dispute the amount which is sought to be recovered from him.

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Admittedly, the petitioner took loan from the respondentBank concerned out of which petitioner has not paid substantial amount.

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Learned counsel for the petitioner submits that the petitioner is ready to deposit the entire amount in easy instalments. Learned counsel for the Bank states that the anxiety of the Bank is that the amount should be recovered back and has no objection if the instalments are fixed in the matter by this Court.

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Accordingly, this writ petition is disposed of with the following directions:

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(i) Petitioner shall deposit a sum of Rs. 1,00,000/- (rupees one lac only) on or before 31.1.2020 with the concerned bank and the rest of the outstanding amount shall be deposited in three equal instalments at the interval of three months i.e. on 30.4.2020, 31.7.2020 and 31.10.2020 respectively. These deposits shall be made before the Branch of the Bank from where the loan was taken.

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(ii) Recovery proceedings during this period shall remain in abeyance. In case petitioner commits default in depositing any of the aforesaid instalments within the

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stipulated period of time, it will be open to the respondents to start the recovery proceedings again by taking coercive process.

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(iii) Petitioner may file an application for supply of statement of account along with the duly stamped self addressed envelope. In case any such application is filed, the concerned branch of the Bank will give the same to the petitioner after deposit of the first instalment within fifteen days and in calculating the arrears, the amount (if any) already paid will be adjusted.

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(iv) If any fact stated by the petitioner is found to be incorrect, it will be open for the bank authorities to move an application for modification/recall of the order.

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(v) In case all the instalments are deposited as per the schedule fixed, the petitioner may approach the Collector concerned for waiving the recovery charges. In the event such an application is filed, it shall be dealt with in accordance with law by the authority concerned.

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Order Date :- 11.12.2019 vinay

Mohd. Amjad v. State of U P and 2 Others

Case brief

What is this about?

What did the court decide?

Mohd. Amjad v. State of U P and 2 Others

Case brief

What is this about?

What did the court decide?

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