Nihon Power House Pvt. Ltd. Vs. RFC & Another (S.B. Civil Writ Petition No.5728/2001) February 13, 2009. HON'BLE MR. JUSTICE R.S. CHAUHAN Mr. Rajendra Prasad, for the petitioner. Mr. Alok Garg, for respondent. Mr. B.R.Sharma, B.M. RFC B.O. Beawar and Mr. Dariya Singh OIC are present in person. Extremely limited prayer has been made before this court to direct RFC to register the case of petitioner for repayment of loan under One Time Settlement Scheme and to give benefit of One Time Settlement Scheme to the petitioner. It is the case of the petitioner that he had taken term loan of Rs.18 lacs as far back as 27-11-1997. Subsequently he has defaulted in repayment of the said loan. According to RFC as on 1-12-2008 the petitioner owes Rs.1,12,70,007/- including the interest. Initially both the parties had entered into an understanding that petitioner would pay 10% of the said amount as Upfront payment. However, according to the petitioner he is unable to pay the said 10% Upfront payment. In this regard the petitioner has submitted an application to RFC on 3-2-2009 and requested that requirement of payment of Upfront payment should be waived. However, the petitioner gives undertaking before this Court that in case the benefit of One Time Settlement Scheme is granted by RFC and concession thereunder are granted to the petitioner, he is willing to sell his residential house situated in Nand Nagar District Beawar and he shall pay the entire loan amount as decided under One Time Settlement Scheme. The said amount shall be paid by him within three months, after RFC informs about total amount due. Learned counsel for RFC has stated that the house in question is already under mortgage with RFC and prayed that the petitioner shall inform the RFC about selling of the said house. Considering the undertaking given by the petitioner and his limited request made before RFC, it is directed that the petitioner shall inform RFC about selling of the house. RFC shall consider and grant the benefit of One Time Settlement Scheme to petitioner. The petitioner will be dutybound to repay the loan amount within three months from the date of information by RFC. The writ petition stands disposed of as indicated above. (R.S. Chauhan)J. arn/