Vijay Singh v. Senior / Chief Manager, Indian Overseas Bank and 2 Others
Case brief
What is this about?
Allahabad High Court writ petition disposed 3.3.2025; Vijay Singh v. Senior/Chief Manager, Indian Overseas Bank & 2 Ors.; bank dues Rs. 6,11,111/- payable in six equal monthly installments of not less than Rs. 1,00,000/- each by 15th of each month, first installment 12.3.2025, last installment with balance and upto-date interest; recovery kept in abeyance on payment as undertaken; bank free to recover per law on default; consent-based installment arrangement; Hon'ble Vikram D. Chauhan, J.
What did the court decide?
Writ petition disposed of on the petitioner undertaking to pay dues of Rs. 6,11,111/- to the respondent-Bank in six equal monthly installments of not less than Rs. 1,00,000/- each (first installment from 12th March, 2025, last with balance amount and upto-date interest), with recovery kept in abeyance so long as installments are paid; on default, the Bank is at liberty to recover per law.