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Shyam Sundar v. Indian Oversees Bank Hathras & Others - WRIT - C No. - 47844 of 2007  RD-AH 16192 (1 October 2007)
HIGH COURT OF JUDICATURE AT ALLAHABAD
Hon'ble Ashok Bhushan, J.
Heard counsel for the petitioner and Sri Mukesh Mehrotra appearing for the respondent No. 3 and the learned standing counsel appearing for the respondents No. 1 and 2. By consent of parties, the writ petition is being finally disposed of.
By this writ petition the petitioner has prayed for quashing the impugned recovery certificate dated 8.7.2007 by which the petitioner has been directed to pay an of amount of Rs. 1,99,512/- with interest.
The petitioner took a loan of Rs. 60,000/- for installing mini tube well. The petitioner deposited some of the instalments but failed to deposit the entire amount. Subsequently the Bank initiated process of recovery.
The learned counsel for the petitioner has submitted that auction of the agricultural land has not yet taken place and he is ready to pay the amount provided he is given facility to make deposit in easy instalments. The counsel for the petitioner further submits that the petitioner be given this opportunity only if auction has not taken place and further the petitioner is liable to pay the amount along with up to date interest and in case of committing any default the recovery be revived.
Considering the facts of the present case and the fact that the petitioner is a poor farmer, ends of justice be served in disposing of the writ petition by following directions:-
1. The petitioner shall deposit the entire outstanding amount along with up to date interest in four equal quarterly instalments.
2. The first instalment be paid on or before 30th of November, 2007, and thereafter on 29th February, 2008, 31st May, 2008 and 31st August, 2008 respectively.
3. In event of any default, the recovery shall stand revived. In event no attachment or auction of the immoveable property has taken place, petitioner shall not be liable to pay any recovery charges.
4. Subject to payment of the amount as directed above, the recovery in pursuance of the impugned notice shall remain stayed.
With the above directions the writ petition is disposed of.
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