Radheshayam v. State of up Thru. Collector Sitapur and others
Case brief
What is this about?
Single judge allowed the petitioner, a poor farmer, to repay a loan of Rs.98,380 in easy instalments over two years. The order permits a down payment of Rs.10,000 and stay of demand notice recovery proceedings.
What did the court decide?
Petitioner permitted to repay loan of Rs.98,380 in eight equal quarterly instalments of Rs.10,000 initial payment within two months, total principal payable in two years; stay on demand notice.