Disposed

Binod Kumar Singh v. The Chairman

Patna HC1 Feb 2022CWJC/1375/2022

Case brief

AI extract

What is this about?

The Patna High Court disposed of a writ petition filed by a depositor against a Gramin Bank. Finding the Debt Recovery Tribunal non-functional, the Court directed the petitioner to deposit Rs. 50,000, appear for a settlement proposal, and stay coercive action until the bank decides on the proposal based on RBI guidelines.

What did the court decide?

Petitioner directed to deposit Rs. 50,000, appear for settlement, and restrain from coercive action till proposal pending.

Binod Kumar Singh Vs The Chairman — Banking and Recovery | Patna HC (2022)

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IN THE HIGH COURT OF JUDICATURE AT PATNA Civil Writ Jurisdiction Case No.1375 of 2022

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Binod Kumar Singh, Son of Akhlesh Singh R/o-Mohalla-Korai, P.O.-Korai, District-Begusarai.

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... ... Petitioner/s

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Versus

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The Chairman, Dakshin Bihar Gramin Bank, Head Office, Sri Bishnu Commercial Complex, Ashochak, Patna-800030.

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The Authorise Officer, Dakshin Bihar Gramin Bank, Regional Office, Sona Jageshwar Complex, Traffic Chowk, Near Savitri Cinema, Begusarai851101.

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The Branch Manager, Dakshin Bihar Gramin Bank, Grahpura Branch, P.O.Grahpura, District-Begusarai.

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... ... Respondent/s

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====================================================== Appearance : For the Petitioner/s : Mr. Rakesh Kumar, Advocate Mr. Chandan Kumar Kashyap, Advocate For the Respondent/s : Mr. Mahesh Narayan Parbat, Sr. Advocate ======================================================

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CORAM: HONOURABLE THE CHIEF JUSTICE

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and HONOURABLE MR. JUSTICE S. KUMAR

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ORAL JUDGMENT (Per: HONOURABLE THE CHIEF JUSTICE) (The proceedings of the Court are being conducted by Hon’ble the Chief Justice/Hon’ble Judges through Video Conferencing from their residential offices/residences. Also the Advocates and the Staffs joined the proceedings through Video Conferencing from their residences/offices.)

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Date : 01-02-2022

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Petitioner has prayed for the following relief(s):-

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Patna High Court CWJC No.1375 of 2022 dt.01-02-2022 2/4

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We have entertained the present petition in view of the fact that the Debt Recovery Tribunal is not functional.

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Learned counsel for the petitioner states that petitioner is ready and willing to settle the matter with the Bank.

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As per notice dated 05.11.2021 (Annexure-2, Page 12), the petitioner was liable to pay a sum of Rs. 6,48,017/-. This was as on the date of issuance of said communication.

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Learned counsel for the petitioner states subsequently, petitioner's F.D.R stood encashed by the bank and adjusted against the amount due. As such, as on date, petitioner is to pay only a sum of Rs. 3,00,000/- (approx.) to the bank.

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Petitioner is ready and willing to approach the bank for One Time Settlement, more so, requesting for waiver of the component of interest accrued upon principal amount.

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In order to establish his bona fide, petitioner is ready and willing to deposit an additional amount of Rs. 50,000/within a period of one week from today.

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Learned senior counsel appearing on behalf of the

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Patna High Court CWJC No.1375 of 2022 dt.01-02-2022 3/4

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bank refutes the statement with regard to the outstanding amount.

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Be that as it may, we are satisfied of the petitioner’s bona fide and intent for settling the matter with the bank.

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As such we dispose of the present petition with the following mutually agreeable terms:-

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(i) Petitioner shall deposit a sum of Rs. 50,000/within a period of one week from today;

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(ii) Also, petitioner shall make himself available in the office of the Respondent No. 2, namely, The Authorised Officer, Dakshin Bihar Gramin Bank, Regional Office, Sona Jageshwar Complex, Traffic Chowk, Near Savitri Cinema, Begusarai851101 and Respondent No. 3, namely, The Branch Manager Dakshin Bihar Gramin Bank, Grahpura Branch, P.O.-Grahpura, District-Begusarai on 07.02.2022 at 10:30 AM, when a proposal, complete in all respect, shall be submitted.

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(iii) The bank shall take a decision on such proposal in accordance with law, more so, the guidelines made by the Reserve Bank of India and without discriminating the petitioner;

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(iv) Obviously, such decision has to be on the basis of parity in relation to similarly situated persons;

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(v) Should the parties agree for an amicable

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Patna High Court CWJC No.1375 of 2022 dt.01-02-2022 4/4

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settlement, the entire amount so determined shall be payable by the petitioner in equal installment spread over a period of six months;

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(vi) The petitioner shall furnish an undertaking to such effect.

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(vii) Till the time proposal is pending with the authorities, no coercive action shall be taken against the petitioner.

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(viii) In the event of petitioner failing to deposit the amount, it shall be open for the bank to take appropriate action in accordance with law.

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The instant petition sands disposed of in the aforesaid

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terms.

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Interlocutory Application(s), if any, stands disposed

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of.

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(Sanjay Karol, CJ)

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( S. Kumar, J)

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Sujit/Ashwini

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AFR/NAFR
CAV DATE
Uploading Date	02.02.2022
Transmission Date

Binod Kumar Singh v. The Chairman

Case brief

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Binod Kumar Singh v. The Chairman

Case brief

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