IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.12646 of 2008 Arvind Kumar Chaurasia, Son of Arjun Prasad Chaurasis, resident of Mohalla- Idgah, Dehri, P.S.- Dehri, District- Rohtas. ……….. Petitioner. VERSUS 1. The State of Bihar. 2. District Certificate Officer, Rohtas at Sasaram. 3. Punjab National Bank, Dehri on Sone, Rohtas through its Branch Manager. ……….. Respondents. ----------- 02 10.12.2008 A certificate proceeding has been initiated by the Punjab National Bank, Dehri on Sone, Rohtas against the petitioner being Certificate Case No. 10 of 2005-06, pending before the District Certificate Officer, Rohtas at Sasaram. Petitioner had a cash credit facility with the Bank aforesaid and had defaulted in servicing the debt. The certificate is for Rs. 2,64,472.50. In the certificate proceeding, petitioner filed his petition denying liability and praying for instalments to pay the dues, notwithstanding that the Certificate Court issued distress warrants against the petitioner. Here the petitioner’s only prayer is to grant suitable instalments for liquidating the dues aforesaid. Learned counsel for the Bank is present. On petitioner depositing Rs. 75,000/- within a period of one month from today with the respondent-Bank, the certificate proceeding shall remain stayed including the distress warrants shall not be executed. Petitioner then would pay punctually Rs. 10,000/- per month till the said certificate amount is fully paid up. Thus, by 10th of January 2009, petitioner would pay Rs. 75,000/- and then by 10th of each subsequent month petitioner would pay Rs. 10,000/- till the certificate dues as aforesaid are fully - 2 - liquidated. Any failure on part of petitioner to pay punctually, as above would amount to vacation of the order of this Court and giving liberty to the respondent-Bank to proceed with the certificate case. If payment is made punctually, as indicated above, then by November 2009, the entire dues would stand liquidated and consequently the certificate proceeding would lapse, otherwise in case of default, the certificate proceeding would revive and continue. With these directions, the writ petition itself is disposed of. Let a copy of this order be given to learned counsel for the Bank. Trivedi/ (Navaniti Prasad Singh,J.)