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Ranjodh Singh v. State Bank Of India Thru' Branch Manager & Another - WRIT - C No. - 40614 of 2007  RD-AH 14632 (29 August 2007)
HIGH COURT OF JUDICATURE AT ALLAHABAD
Hon'ble Ashok Bhushan, J.
Heard counsel for the petitioner and the learned standing counsel. Smt. Archana Singh appears for respondent No. 1.
By this writ petition the petitioner has prayed for quashing the citation dated 2.8.2007 demanding an amount of Rs.4,33,563.03 plus interest. Petitioner's case is that the petitioner took loan of Rs.2,60,000/- on 13.9.2004 for purchase a tractor. Petitioner's case is that half-yearly instalment of Rs. 14,445/- was fixed and the entire loan was to be paid by 1.1.2014. He submits that there is default in second instalment due to which entire loan amount has been demanded. He further contends that he has also deposited Rs. 10,000/- thereafter. Learned counsel for the petitioner stated that the petitioner is ready to pay entire outstanding amount to the Bank due upto 31st December, 2007 and the half-yearly instalment due from 2008 shall be paid according as and when they due. Learned counsel appearing for the respondent submitted that the petitioner be directed to pay entire outstanding amount along with upto date interest within time provided by this Court.
Considering the submissions of the petitioner the writ petition is disposed of with the following directions:-
1. Entire outstanding amount due upto 31.12.2007 shall be paid by the petitioner before the Bank respondent no. 1 on or before 30th November, 2007.
2. Half-yearly instalment as and when due commencing from 1.1.2008 shall be paid on due date by the petitioner.
3. In case of any default in payment of said amount the recovery proceeding shall revive.
4. No recovery charges shall be paid by the petitioner.
With the above observations the writ petition is disposed of.
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