IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.4365 of 2010 Kundan Kumar Rakesh, S/o-Sri Narayan Prasad Singh, Proprietor of M/s Shanu Traders, resident of Tiranga Chowk, P.S.& District-Saharsa. -Petitioner. VERSUS 1. UCO BANK through its Zonal Manager, Zonal Office, Sona Jageshwar Complex, Traffic Chowk, Begusarai. 2. Manager, UCO Bank at Main Road at Saharasa, P.S. & District-Saharsa. 3. Authorized-cum-Chief Officer, Zonal Office, UCO Bank, Sona Jageshwar Complex, Traffic Chowk, Begusarai. -Respondents. ----------- For the Petitioner : Mr. Diwakar Prasad Singh. For the Bank : Mrs. Nilu Agarwal. ------------ 02 15.03.2010 The petitioner had taken cash credit facility from the UCO Bank, Saharsa Branch. It had defaulted. Ultimately, the parties met and it was agreed that by the end of November 2009, if petitioner paid amount of Rs.3,34,000/-, the account would stand cleared. It is not in dispute that in relation to the said compromise amount petitioner had already paid about Rs.1,19,500/- on different dates. On being in a very small business of decoration & pandal, it could not liquidate the entire dues. There still remains about Rs.2,14,500/-. Now, steps are being taken to auction his house for recovery of this small amount. Petitioner is in Court today handing over two bankers cheque totalling to Rs.74,000/- in favour of UCO Bank that makes the total payment to Rs.1,93,500/- but the balance is about Rs.1,40,500/-. I, direct that if the said amount of Rs.1,40,500/- is deposited with the Bank by 30th June, 2010 along with interest on the said amount, which was falling short of the compromise - 2 - amount after November, 2009 at PLR, no further action would be taken against the petitioner. All dues would be settled accordingly. In case, by 30th June, 2010 the account is not accordingly cleared, as directed above, the Bank is free to take all actions, as he may be advised. Mrs. Nilu Agarwal, learned counsel for the Bank accepts the bankers cheque and acknowledges the same. Till 30th June, 2010, the Bank would not take any further steps except to receive money as being tendered by the petitioner. The writ petition, accordingly, stands disposed of. Trivedi (Navaniti Prasad Singh, J.)