Writ petition regarding agricultural loan demand notice disposed of by consent. Court directed installment payment plan and stay of recovery proceedings pending compliance.
Petitioner directed to deposit Rs. 50,000 within four weeks and balance in six quarterly installments; recovery proceedings stayed conditionally.
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Neutral Citation No. - 2024:AHC-LKO:16084
Court No. - 6
Case :- WRIT - C No. - 1779 of 2024
Petitioner :- Ramautar
Respondent :- U.P. Cooperative Village Devolopment Bank Ltd. Hardoi And Another Counsel for Petitioner :- Amit Srivastava,Mohd. Arshad Khan Counsel for Respondent :- Vinod Kumar Singh
Hon'ble Alok Mathur,J.
(i) The petitioner shall deposit an amount of Rs. 50,000/within four weeks from today.
(ii) In case the petitioner deposits the said amount, the recovery /auction proceedings initiated against the petitioner shall be kept in abeyance.
(iii) The remaining amount shall be deposited by the petitioner in six equal quarterly installments starting from 23rd June, 2024.
(iv) The respondent bank shall intimate to the petitioner the total outstanding amount along with interest prior to falling due of the last installment so that the petitioner can pay the entire amount along with interest in the last installment.
(v) In case the petitioner does not pay or fails in depositing any of the aforesaid installments the benefit of this order shall not be available to him and the bank shall be at liberty to recover the same in accordance with law.
(Alok Mathur, J.)
Order Date :- 22.2.2024 Ravi/
Digitally signed by :- RAVI SHANKAR SRIVASTAV High Court of Judicature at Allahabad, Lucknow Bench
Ramautar
U.P. Cooperative Village Devolopment Bank Ltd. Hardoi
Alok Mathur
As recorded by the court registry
2 orders share this CNR
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