Rajiya Bai v. Branch Manager, U.P. Sahkari Gram Vikas Bank Ltd. Bhinga Shrawasti and Another
Case brief
What is this about?
Consensual disposal of writ petition against cooperative bank recovery auction: U.P. Sahkari Gram Vikas Bank recovery auction letter No.105/2024-25 dated 12.6.2024 kept in abeyance on deposit of Rs.1,25,000/- by 6.8.2024; balance outstanding (Rs.4,75,005/- as on 16.7.2024) payable in 6 equal quarterly installments from 15.10.2024; default revives recovery proceedings. Keywords: writ petition, cooperative bank loan recovery, auction deferred, installments, abeyance, farmer borrower, Allahabad High Court Lucknow Bench, Alok Mathur J., 23.07.2024, 2024:AHC-LKO:49515.
What did the court decide?
Writ petition disposed of with the consent of the parties: recovery proceedings under recovery auction letter No.105/2024-25 dated 12.6.2024 kept in abeyance upon deposit of Rs.1,25,000/- by 6.8.2024; fresh statement of account to be furnished and balance payable in 6 equal quarterly installments commencing 15.10.2024; bank free to resume recovery in accordance with law on any default.