Kuldeep Singh v. U.P. Sahkari Gram Vikas Bank Ltd. Lko. Thru. Its Auth. Officer and 2 Others
Case brief
What is this about?
Kuldeep Singh v. U.P. Sahkari Gram Vikas Bank Ltd. and others, WRIT - C No. 464 of 2025, Allahabad High Court Lucknow Bench (Court No. 7), Pankaj Bhatia J., neutral citation 2025:AHC-LKO:4063, order dated 22.1.2025. Writ petition against cooperative-bank recovery proceedings and auction notice dated 11.12.2024; disposed of with conditional stay of recovery and structured repayment: Rs.20,000 deposit by 22.02.2025; balance Rs.2,96,000/- odd in six quarterly installments (five of Rs.49,000/- through 31.05.2026; final installment by 31.08.2026 with remaining balance, overdue interest and charges); default revives recovery. No statute or precedent cited.
What did the court decide?
Recovery against the petitioner not pursued, conditional on: (a) deposit of Rs.20,000/- on or before 22.02.2025; and (b) payment of the balance of Rs.2,96,000/- and odd in six quarterly installments (Rs.49,000/- each by 31.05.2025, 31.08.2025, 30.11.2025, 28.02.2026 and 31.05.2026; sixth and last installment by 31.08.2026 including remaining balance, overdue interest and any other charges). Any default automatically terminates the order and revives the Bank's right to press recovery in accordance with law.