Abhishek Kumar Verma v. State of U.P. Thru. Prin. Secy. Deptt. of Finance Lko. and 2 Others
Case brief
What is this about?
WRIT-C No. 5456 of 2025; Allahabad High Court, Lucknow Bench; Pankaj Bhatia, J.; order dated 29.5.2025; Neutral Citation 2025:AHC-LKO:33102; bank recovery held in abeyance; dues of Rs. 11,19,917/- plus accrued interest acknowledged; upfront deposit of Rs. 1,00,000/- by 30.06.2025; balance about Rs. 10,19,000/- payable in five quarterly installments of Rs. 2,00,000/- each up to 30.09.2026; last installment includes overdue interest; default revives Bank's right to recover in accordance with law; entitlement to benefit of future Bank beneficiary scheme; no recovery charges on timely payment; petition disposed of with terms.
What did the court decide?
Recovery against the petitioner kept in abeyance subject to deposit of Rs. 1,00,000/- with the respondent-Bank on or before 30.06.2025 and payment of the balance of about Rs. 10,19,000/- in five quarterly installments of Rs. 2,00,000/- each between 30.09.2025 and 30.09.2026, the last installment including overdue interest; on default, the Bank is free to recover in accordance with law; petitioner entitled to benefit of any future beneficiary scheme of the Bank; no recovery charges if installments are paid as directed.