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M/S MEERUT MARBLES & ANOTHER versus STATE OF U.P.THRU' COLLECTOR MEERUT & OTHERS

High Court of Judicature at Allahabad

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M/S Meerut Marbles & Another v. State Of U.P.Thru' Collector Meerut & Others - WRIT - C No. 3442 of 2002 [2007] RD-AH 8785 (9 May 2007)

 

This is an UNCERTIFIED copy for information/reference. For authentic copy please refer to certified copy only. In case of any mistake, please bring it to the notice of Joint Registrar(Copying).

HIGH COURT OF JUDICATURE OF ALLAHABAD

C.M.W.P. No. 3442 of 2002

Hon'ble R.P. Misra, J.

Hon'ble Shishir Kumar, J.

Heard Sri Pramod Jain, learned Counsel for the petitioner and Sri Manish Khare, holding the brief of Sri V.K. Goel, learned Counsel for the respondents No. 2 and 3.

The petitioner was granted cash credit limit facility upto Rs. 2,50,000/- from the respondent Bank. Admittedly the petitioner could not make payments within time and his account was held to be N.P.A. The petitioner moved an application seeking to settle the entire dues at one time settlement in accordance with the guidelines, issued by the Reserve Bank of India. The aforesaid application of the petitioner for one time settlement, is still pending.

In the circumstances of the case, we direct the respondent no. 3 to consider the one time settlement application of the petitioner in accordance with the guidelines issued by the Reserve Bank of India.

With the aforesaid direction, the writ petition is disposed of.                          

Dated: 9.5.2007

L.A./-


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Reproduced in accordance with s52(q) of the Copyright Act 1957 (India) from judis.nic.in, indiacode.nic.in and other Indian High Court Websites

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