IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL WRIT PETITION NO. 1102 of 2009 (MS) Sehadev Singh and another. ……Petitioners. Versus Punjab National Bank (P.N.B.) Branch Village Belda, Tehsil Roorkee, District Haridwar and others. …………..Respondents. Mr. Sanjeev Singh, Advocate for the petitioner. Mr. L.K. Tewari, Advocate for respondent no. 1. Mr. K.P. Upadhyay, Addl. Chief Standing Counsel for State of Uttarakhand / respondent no. 2 and 3. 15th July, 2009 Hon’ble Sudhanshu Dhulia, J. By means of present writ petition, the petitioner has challenged the recovery citation dated 9.3.2009 issued by the respondent no. 3 against him (contained as Annexure -1 to the writ petition) for recovery of Rs. 2,37,220/- (Two lac Thirty Seven Thousand Two Hundred Twenty). Admittedly, the petitioner has taken a loan of Rs. 3,55,000/- from Punjab National Bank, Branch Village Belda, Tehsil Roorkee, District Haridwar. 2. Counsel for the petitioner states that he is ready to pay the entire loan amount if some easy instalments are fixed. Learned counsel for the Bank further states that he has no objection if the instalments are fixed in this case. 3. In view of the consensus reached between the parties, the following orders are being passed: 2 4. In case the petitioner deposits a sum of Rs. 50,000/- (Fifty Thousand) with the concerned Branch of Punjab National Bank within one month i.e. on or before 17th August, 2009, then the Bank shall fix easy instalments for remaining loan amount, which shall spread for the period of eighteen months. In case of any default of payment of instalments, the Bank will be free to initiate recovery proceeding. 5. With the aforesaid direction, writ petition is disposed of. (Sudhanshu Dhulia, J.) 15.7.2009 Rathour