IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL WPMS NO. 1 of 2009 Revadhar Andola …..Petitioner. Versus Zila Sahakari Bank Limited and another ….Respondents. Mr. Pooran Singh Bisht, Advocate for petitioner. Mr. Anil K. Bisht, Advocate for respondent no. 1. Mr. K.P. Upadhyay, Addl Chief Standing Counsel for State of Uttarakhand / respondent no. 2. 9th March, 2009 Hon’ble Sudhanshu Dhulia, J. The matter pertains to recovery of bank loan. The statement has been made by the counsel for the respondent no. 1 Mr. Anil K. Bist that as on today, the total recovery against the petitioner is Rs. 1,08,207 (One Lac Eight Thousand Two Hundred Seven). The petitioner has prayed that he is ready to pay the loan amount in case easy instalments are fixed. Learned counsel for the Bank/respondent no. 1 has given his consent for the same. Therefore, following orders are being passed by consent of both the parties: In case, the petitioner deposits a sum of Rs. 28,207 (Twenty Eight Thousand Two Hundred Seven) within a period of forty-five days from today, the recovery against him shall remain stayed. The remaining instalments amounting to Rs. 80,000/- (eighty thousand) will be paid by the petitioner by way of four monthly instalments of Rs. 20,000/- (Twenty Thousand) each. The first instalment shall be paid by the petitioner on 1st May, 2009, the second instalment shall be paid on 1st June, 2009 and so on. It is made clear that if the petitioner 2 defaults in payment of even a single instalment, the Bank / respondent no. 1 will be at liberty to initiate recovery proceeding against him. With the aforesaid observations, writ petition is disposed of finally. (Sudhanshu Dhulia, J.) 9.3.2009 Rathour