IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL WRIT PETITION NO. 970 OF 2009 (MS) Shyam Sundar Jaiswal …….Petitioner. Versus Oriental Bank of Commerce. ….Respondent. Mr. Atul Bahuguna, Advocate for petitioner. Mr. Ashish Joshi, Advocate for respondent. 16th July, 2009 Hon’ble Sudhanshu Dhulia, J. By means of present writ petition, the petitioner has prayed for a mandamus directing the respondent not to take any coercive method against the petitioner pursuant to possession notice dated 19.6.2009 and for fixation of some easy instalments in order to clear the entire dues. Admittedly, the petitioner had taken two loans, one amounting to Rs. 5,00,000/- from Account No. 00246010000540 and another amounting to Rs. 85,000/- from Account No. 00246010000640 in the year, 2006. Learned counsel for the petitioner has submitted before this Court that the petitioner is ready to pay the entire remaining loan amount, if some easy instalments are fixed. Learned counsel for the Bank Mr. Ashish Joshi also states that he has no objection if the instalments are fixed in this case. Mr. Atul Bahuguna, Advocate for the petitioner and Mr. Ashish Joshi, Advocate for respondent Bank are present before this Court and have agreed to the following terms: 2 In case the petitioner approaches the Bank within 15 days from today, the Bank shall recover the entire amount due on the petitioner by way of some easy instalments which shall spread over a period of 18 months. In case the petitioner commits even one single default in payment of installments, the Bank will be free to initiate recovery proceedings against the petitioner. With the aforesaid directions, writ petition is disposed. No order as to costs. (Sudhanshu Dhulia, J.) 16.7.2009 Rathour