IN THE HIGH COURT OF JUDICATURE AT PATNA Civil Writ Jurisdiction Case No.17519 of 2011 Ganesh Prasad Versus The Punjab National Bank & Anr 2 30.9.2011 The petitioner is a small shopkeeper. Initially, he was allowed cash credit limit of Rs.50,000/- which was subsequently extended to Rs.2.5 lacs and then to Rs.5 lacs. The petitioner submits that due to poor business in the previous year, he could not make the deposit in time and as such he was declared as non performing assets. The petitioner submits that he is willing to pay the entire amount within a period of one year. He proposes to liquidate the entire amount in the following manner: i) He would pay a sum of Rs.1,00,000/- by 3.10.2011 ii) He would pay the balance amount along with current interest in 12 equal monthly installments. In my view, the petitioner should make the aforesaid proposal, within four weeks from today, before the authorities concerned in his objection preferred under section 13(3) of the SARFAESI Act, 2002. The Bank would be obliged to receive a sum of Rs.1,00,000/- which would be tendered by the petitioner by 3.10.2011. Till disposal of the matter under section 13(3) of the SARFAESI Act, 2002, the Bank would not take any coercive steps against the petitioner as the petitioner is willing to pay the entire balance amount with current interest in 12 equal monthly installments. With the aforesaid observations and directions, this writ petition stands disposed of. KHAN (S. P. Singh, J.) 2