IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL Writ Petition (M/S) No. 2282 of 2011 Prem Singh Negi ...Petitioner Versus Punjab National Bank, Branch Office, Badrinath Road, Kotdwara, District Pauri Garhwal …Respondents Present : Mr. G. S. Negi, Advocate for the petitioner. Mr. K. C. Tiwari, Brief Holder for the State of Uttarakhand. Mr. H. S. Sharma , Advocate for respondent no.1. Hon’ble Sudhanshu Dhulia, J. (Oral) 1. Heard Mr. G. S. Negi, Advocate for the petitioner, Mr. K. C. Tiwari, Brief Holder for the State of Uttarakhand and Mr. H. S. Sharma, Advocate for respondent no.1. 2. The petitioner has admittedly taken a loan from “Punjab National Bank, Branch Office, Badrinath Road, Kotdwara, District Pauri Garhwal (from hereinafter referred to as “Bank”), which is, i.e. the Bank is represented before this Court by Mr. H. S. Sharma who states that the petitioner’s account has been declared as Non-Performing Asset. Consequently, recovery proceedings have been initiated against him. 3. Learned counsel for the Bank Mr. H. S. Sharma has stated that he has instruction from the Bank that in case petitioner deposits `3,00,000/- (Three Lakh) within a period of two months i.e. on or before 13.2.2012 then for the remaining amount the Bank may be fixed in easy though reasonable installments. 4. In view of the aforesaid, the writ petition is disposed of with the following direction on the consent of both the parties:- 2 In case petitioner deposits an amount of `3,00,000/- (Three Lakh) with the respondent-Bank or before 13.2.2012 the further recovery shall not be made as is being done presently and the remaining amount shall be paid by the petitioner in installments, as fixed by the Bank. In case, the petitioner commits even one single default in payment of installments, the interim relief granted to the petitioner by means of the present writ petition shall automatically vacated. 4. No order as to costs. (Sudhanshu Dhulia, J.) 9.12.2011 Kuldeep