Writ petition seeking repayment schedule from respondent bank and restraint on auction of mortgaged property. Court recorded settlement: petitioner to pay Rs.20 lakhs by 16.10.2025, upon which bank to de-seal first floor of property; failing payment, bank free to proceed against property. Petition disposed.
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$~109
versus
CENTRAL BANK OF INDIA .....Respondent Through: Mr.Tushar Singh, adv.
CORAM: HON'BLE MR. JUSTICE VIKAS MAHAJAN
O R D E R % 15.10.2025
(A) DIRECTING the respondent bank to provide the calculation for amount looming against the petitioner and schedule the repayment plan for outstanding interest in accordance with the agreed rate @ 9.5% p.a.
(B) DIRECT the respondent bank not to auction the mortgaged property bearing No. D-13A, East Jyoti Nagar, Loni Road, Delhi110093, measuring 158.85 sq. mtrs. (190 sq. yds.) till the disposal of the present writ petition.
(C) PASS any other order or orders as this Hon'ble Court may deem fit under the circumstances of this case.
This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 16/10/2025 at 14:29:49
worked out between the parties, the terms of which are as follows: (i) It is agreed that the balance outstanding amount payable by the petitioner to the respondent bank as on date is Rs.20 lakhs inclusive of all charges. (ii) The said amount of Rs.20 lakhs shall be paid by the petitioner latest by tomorrow i.e. 16.10.2025.
(iii) Upon payment/realisation of the aforesaid amount of Rs.20 lakhs, the respondent shall de-seal the property of the petitioner i.e. First Floor of D-13A, East Jyoti Nagar, Loni Road, Delhi- 110093.
VIKAS MAHAJAN, J
OCTOBER 15, 2025/ rb.
This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 16/10/2025 at 14:29:49
1 issue framed by the court
Could the petitioner and bank settle the outstanding loan amount of Rs.20 lakhs with de-sealing of the mortgaged property upon payment?
Dinesh Kumar
Central Bank of India
Vikas Mahajan
As recorded by the court registry
A petition under Article 226 of the Constitution asking a High Court to issue a writ against the State or a public authority in a civil matter.
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