High Court of Judicature at Allahabad
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Raj Nath Upadhyaya v. Union Of India And Another - WRIT - C No. 54649 of 2006  RD-AH 17171 (4 October 2006)
Hon'ble Janardan Sahai,
Petitioner had taken loan for agricultural purposes in the year 1995 from State Bank of India. He has not paid the instalments as per schedule and consequently the Bank has demanded payment of the amount. The only submission made by the counsel for the petitioner is that the petitioner may be permitted to deposit the amount in instalments
Counsel for the respondent no.2 bank Sri Vikas Dixit holding brief of Sri Vipin Sinha states that he has no objection if reasonable time is given to the petitioner.
Accordingly, this petition is disposed of finally with the following directions:-
(i) Petitioner may deposit the due amount directly with the contesting respondent no. 2 Bank in three equal instalments.
(ii) The first instalment may be deposited by 4th November 2006 second by 4th February 2007, and the last/third instalment by 4th May 2007.
(iii) Petitioner may file an application for supply of statement of account along with duly stamped self- addressed envelope. In case any such application is filed, the contesting respondent will give the same to the petitioner within fifteen days after the deposit of first instalment.
(iv) If the petitioner defaults in paying any of the instalment this order shall stand vacated.
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