IN THE HIGH COURT OF JUDICATURE AT PATNA LPA No.1506 of 2009 1. GAJENDRA PRASAD SINGH S/O SHRI BALMIKI PRASAD SINGH R/O VILL- BADALPURA, P.O. & P.S. BADALPURA, DISTT. BEGUSARAI-----------Appellant. Versus 1. THE STATE BANK OF INDIA, THROUGH CHAIRMAN, CORPORATE CENTRE STATE BANK BHAWAN, MADAM CAMA ROAD, NARIMAN POINT, MUMBAI - 400 021 2. THE CHIEF GENERAL MANAGER, STATE BANK OF INDIA LOCAL HEAD OFFICE, WEST OF GANDHI MAIDAN, PATNA - 800 001 3. THE GENERAL MANAGER NET WORK I STATE BANK OF INDIA, WEST OF GANDHI MAIDAN, PATNA 4. THE ASST. GENERAL MANAGER REGION - STATE BANK OF INDIA, ADMINISTRATIVE OFFICE, J.C. ROAD, PATNA - 1 5. THE CHIEF MANAGER-CUM-AUTHORIZED OFFICER STATE BANK OF INDIA, BEGUSARAI BRANCH, BEGUSARAI-----------------------------------------------Respondents. ----------- 6. 24.1.2011 The present L.P.A. arises out of an order dated 4.8.2009 passed in C.W.J.C. no.9125 of 2009. The case relates to taking of loan by the appellant from the bank and non-payment of the instalments within the stipulated period whereafter the respondents had issued a notice to the appellant under section 13(2) of the SARFAESI Act, 2002 on 21.3.2009. The case of the appellant is that he being an ordinary agriculturist was not able to pay the loan amount to the tune of Rs.2 lacs and interest thereon. Learned Single Judge had directed the appellant to pay simply the loan amount of Rs.2 lacs within a period of four weeks and on such payment bank would furnish detailed calculation chart of interest within two weeks thereafter. It is however contended before us that Respondents have not considered the R.B.I. circular with regard to repayment of loan amount with interest and as such the appellant being aggrieved by the exorbitant calculation of the interest, contrary to R.B.I. norms, has filed this appeal. While confirming the order of the learned Single 2 Judge we are of the opinion that time granted by the learned single Judge for making payment of Rs.2 lacs is extended by another three months from the date of receipt of a copy of this order. If such payment is made, bank will furnish detailed calculation chart of interest. It is also submitted by the learned counsel for the appellant that some liberty may be granted to the appellant to have negotiations with the respondents with regard to interest part. Accordingly, taking note of the submission it would suffice if liberty is granted to the appellant to have negotiations under any scheme with the respondent-bank to settle the interest which can be considered in accordance with law subject to payment of the loan amount of Rs.2 lacs. In default, respondent-bank will be entitled to proceed in accordance with law. With the above observation this appeal is disposed of. Sudip ( T. Meena Kumari, J.) ( Mihir Kumar Jha, J. )