IN THE HIGH COURT OF JUDICATURE AT PATNA C. REV. No.268 of 2008 AMRENDRA KUMAR SINGH Versus CENTRAL BANK OF INDIA & ANR ----------- 04. 15.04.2009 Heard Mr. Kamal Nayan Choubey, learned senior counsel for the petitioner and Mr. Bimelendra Mishra, learned counsel for the Central Bank of India. For the reasons mentioned in this application and undertaking given by the counsel for the petitioner the prayer of the petitioner for extending the time limit for repayment of the entire amount of loan is extended by a period of one year from today so that the entire amount of loan along with interest as assessed by the Bank is liquidated positively by the petitioner on or before 30th of April, 2010. The petitioner, therefore, would pay the entire dues in four equal instalments i.e. on or before 30th of May, 2009, 30th of August, 2009, 30th of November, 2009 and 30th of March, 2010. After payment of all the aforesaid four instalments if any further amount remains payable in view of the delay in payment and by way of interest the same will be communicated by the Bank to the petitioner on 31st of March, 2010 and the payment thereof shall also be made by the petitioner on or before 30th of April, 2010. 2 In other words, every other terms and conditions of the earlier order dated 18.03.2009 will remain the same except for the period of repayment of loan amount by the petitioner is extended by one year. This Court however, must make it clear to the petitioner that if this time there be any delay in payment of any of the instalments or the entire amount plus the interest as calculated by the Bank, not only his property, being the subject matter of SARFAESI Act will be attached and auction sold by the Bank but he would also be liable for being proceeded for committing contempt of this Court by violating the undertakings conveyed through the counsel for making payment of entire amount of loan. It would be however, open for the petitioner to approach the Bank for getting the correct position of his outstanding liability but that will not be the ground for avoiding repayment any of the instalments, which must be paid in due time. With these observations and directions, this application stands disposed of. Shageer (Mihir Kumar Jha, J)