Khalilur Rahman v. State of U.P. and 2 Others
Writ Petition Disposed Of – Recovery of Agricultural Loan
Case brief
What is this about?
Allahabad High Court (Neutral Citation 2023:AHC:175138), WRIT - C No. 29209 of 2023, Khalilur Rahman v. State of U.P. and 2 Others, decided 28.8.2023 by Manjive Shukla, J. Challenge to certificate of recovery dated 01.08.2022 issued by Baroda U.P. Bank (Respondent No. 3) for Rs. 4,95,211.48/- plus interest on a Kisan Credit Card agricultural loan; petition disposed of on consent, permitting repayment of Rs. 1,00,000/- by 28.09.2023 followed by eight equal bi-monthly installments, with recovery proceedings in abeyance if the schedule is adhered to. Keywords: Kisan Credit Card; agricultural loan; certificate of recovery; installment repayment; abeyance of recovery; Baroda U.P. Bank.
What did the court decide?
Repayment in installments in place of immediate recovery: petitioner to deposit Rs. 1,00,000/- by 28.09.2023 and repay the balance in eight equal bi-monthly installments to be fixed and communicated by Respondent No. 3; recovery proceedings to remain in abeyance so long as the schedule is adhered to.