Anjani Kumar v. District Magistrate/Collector,Distt.Raebareli and 3 Others
Recovery proceedings – bank loan
Case brief
What is this about?
Anjani Kumar v. District Magistrate/Collector, Distt. Raebareli and 3 Others, WRIT - C No. 7320 of 2025, High Court of Judicature at Allahabad, Lucknow Bench (Pankaj Bhatia, J.), order dated 31.7.2025; Neutral Citation No. 2025:AHC-LKO:44415. Petition challenging bank recovery proceedings (Rs.7,23,440/- stated due) disposed of with a structured payment schedule: Rs.1,00,000/- deposit by 30.09.2025 plus six installments of Rs.1,05,000/-; default forfeits the stay and permits recovery of the entire outstanding in accordance with law.
What did the court decide?
Petition disposed of: recovery proceedings stayed subject to deposit of Rs.1,00,000/- on or before 30.09.2025 and payment of the balance in six equal installments of Rs.1,05,000/- (first due 31.12.2025, last due 31.03.2027, last installment carrying overdue interest); on default the benefit of the order ceases and the respondent-Bank may recover the entire outstanding in accordance with law; recovery charges not to be pressed if payment is made within time; respondent-Bank to furnish an updated statement of account within 15 days; petitioner at liberty to claim benefit of any beneficial scheme/OTS.