Jawahar Lal v. State of U.P. and Another
Case brief
What is this about?
Allahabad High Court; WRIT - C No. 9755 of 2023; Jawahar Lal v. State of U.P. and Another (second respondent referred to as 'Bank', unnamed); Judge Pankaj Bhatia; decided 4.4.2023; recovery citation/notice dated 15.10.2022 for Rs. 1,70,725/- plus interest; instalment scheme: Rs. 30,000 deposit by 30.05.2023, four equal installments by 31.08.2023, 31.12.2023, 31.03.2024, 30.06.2024; default terminates protection; no recovery charges on compliance; counsel: Tahir Ali (petitioner), C.S.C. and Amrish Sahai (respondents).
What did the court decide?
Writ petition disposed of: recovery issued against the petitioner shall not be affected subject to deposit of Rs. 30,000/- on or before 30.05.2023; remaining outstanding with interest payable within a year in four equal installments (by 31.08.2023, 31.12.2023, 31.03.2024 and 30.06.2024); on default the order automatically ends and the respondent Bank may recover the loan amount in accordance with law; no recovery charges if amounts are paid as directed.