IN THE HIGH COURT OF JUDICATURE AT PATNA Letters Patent Appeal No.741 of 2011 In Civil Writ Jurisdiction Case No. 725 of 2011 ====================================================== M/S New Rajendra Tyre Ajency, N.H.31, Har-Har Mahadeo Chowk near Kailash Hotel, Meerganj, Begusarai through its Proprietor, Rashmi Singh wife of Sri Rajendra Prasad resident of village and P.O. Khutaha Chetan Tola, P.S. Barahia, District Lakhisarai …. Petitioner .... Appellant/s Versus 1. The Central Bank of India, Begusarai Branch, through its Branch Manager, Begusarai 2. The Regional Manager, Central Bank of India Saharsa Regional Office, Kosi Chowk, Ward No.121, Saharsa 852201 3. The Zonal Manager, Central Bank of India, Zonal Office, Maurya Lok Complex, Patna. … Respondents .... Respondent/s ====================================================== 3 30-09-2011 Heard the parties. In the facts and circumstances of the case, the prayer to condone the delay of 47 days in preferring this appeal is allowed. On hearing the parties and perusal of the order under appeal we find that the Writ Court has rightly held that the writ petitioner/appellant has statutory remedy of appeal under Section 20 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993. In that view of the matter, we find no good reason to interfere with the order of the Writ Court. The appeal is dismissed. It goes without saying that as observed by the Debts Recovery Tribunal in the impugned order dated 29.10.2010, if a Patna High Court LPA No.741 of 2011 (3) dt.30-09-2011 2 compromise proposal is submitted by the appellant with a genuine intention to settle the dues as per recovery policy of the Bank, the Bank will consider the same as per its policy. sk (Shiva Kirti Singh, J) (Shivaji Pandey, J)