for the delay in payment. Further, interest provided to the Bank is at the rate of 12.5% from 28.12.2009. Even though the steps taken by the Bank by initiation of proceedings under the SARFAESI Act is in terms of the award passed by the Lok Adalat, we feel appellant can be granted further two months time to make payment under the default clause contained in the award for more than one reason. In the first place, appellant is a business man and the loan granted is for business purpose. Secondly, the loan is fully secured and delay in payment will not cause any prejudice to the Bank. Further, liability on account of non-payment on due date results in an increased benefit to the Bank which is around Rs.66,000/- with interest at reasonable rate of 12.5% from 28.12.2009 onwards. Lastly, even if we reject the Writ Appeal, the Bank will take not less than two to three months to sell the property and recover the amount. Since Bank's interest is protected in every way and delay in recovery is also compensated by the award, we grant two months' time from today to the appellant to remit the amount in terms of the award, failing which there will be direction to the appellant to vacate from the secured assets and hand over possession to the
