HIGH COURT OF UTTARAKHAND AT NAINITAL Writ Petition No. 392 of 2009 (M/S) Abdul Khalik ……. Petitioner Versus State of Uttarakhand and others …… Respondents Mr. R.K.S. Verma, learned counsel for the petitioner. Mr. K.P. Upadhayay, learned Additional Chief Standing Counsel for State of Uttarakhand. Mr. L.K. Tiwari, learned counsel for the respondent No. 3. 19th March, 2009 Hon’ble Sudhanshu Dhulia, J. The petitioner has filed the writ petition challenging the recovery proceedings initiated against him by the respondent/Bank. During the course of argument, however, an agreement has been reached between the parties and, therefore, on the basis of the consent of the learned counsels for the parties i.e. learned counsel for the petitioner as well as learned counsel for the respondent/Bank, the following orders are being passed : In case the petitioner deposits a sum of Rs. 60,000/- (Rs. Sixty Thousand) with the respondent/bank on or before 30th March, the respondent/bank will fix easy installments for the remaining amount along with interest, if any, which shall be payable by the petitioner most certainly within a period of six months. It needs to be clarified that in case the petitioner commits a single default in payment, then the respondent/bank will be at liberty to initiate recovery proceedings against the petitioner afresh. With these observations, writ petition is disposed of. (Sudhanshu Dhulia, J.) 19.3.2009 Avneet