IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.12640 of 2010 MANSOOR ANSARI ASHRAFI, S/O MD. KASIM ANSARI, R/O 2 & 2/A, RANI PLAZA, EXHIBITION ROAD, P.S.- GANDHI MAIDAN, TOWN & DISTT.- PATNA…………..PETITIONER Versus 1. THE SYNDICATE BANK, A GOVERNMENT OF INDIA ENTERPRISES HAVING ITS REGISTERED OFFICE AT MANIPAL (KARNATAKA) THROUGH ITS CHIEF GENERAL MANGER, REGIONAL OFFICE AT MOURYA LOK, PATNA (BIHAR) 2. THE SENIOR BRANCH MANAGER, SYDICATE BANK, FRASER ROAD, PATNA 3. THE AUTHORISED OFFICER, SYNDICATE BANK, FRAZER ROAD, PATNA ……………………………….RESPONDENTS. ----------- 03 22.12.2010 Heard learned counsel for the petitioner as well as learned counsel for the respondents Syndicate Bank and its authorities. This writ petition has been filed for quashing notice dated 03.10.2009 issued by the respondent Bank taking possession of petitioner’s immovable properties towards adjustment of secured debts and also for directing the respondent Bank to comply the mandatory provision of the Act following the Reserve Bank of India guidelines granting opportunity to the petitioner to liquidate the entire dues fixing easy instalments and for other ancillary reliefs. This case has been heard on several occasions. Now the petitioner has come with a proposal that he will deposit the entire due amount in the respondent Bank by 31st of January 2011. Although learned counsel for the respondents opposes the contentions of learned counsel for the petitioner - 2 - but this court feels it just and proper to give some time to the petitioner so that immovable properties of the petitioner is not wasted, as the purpose of the Bank is to get its money back and not to destroy the properties of the petitioner. In the said circumstances, this writ petition is disposed of with a direction to the petitioner to fulfill his undertakings by depositing the entire due amount in the respondent Bank by 31st of January 2011. Till then no coercive action shall be taken by the respondents against the petitioner or his immovable properties. If the petitioner fails to deposit the entire due amount in the respondent Bank by 31st of January 2011, the respondent Bank shall be free to take all coercive actions against the petitioner and his properties for recovery of the due amount in accordance with law. Harish (S.N. Hussain, J.)