IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL Writ Petition (M/S) No. 1670 of 2008 Farid Ahmad son of Shri Z.Hussain, Resident of 13/350 Line No.- 8, Azad Nagar, Haldwani, District Nainital. … Petitioner. Versus Punjab National Bank, Nainital Road, Branch Haldwani, District Nainital and two others. … Respondents. Sri Nanak Chand Gupta, learned counsel for the petitioner. Sri M.C.Pande, learned counsel for the respondent no.1-Bank. Sri K.P.Upadhyay, learned Addl. C.S.C. for the State-respondents no. 2 & 3. Date November 24, 2008. Hon’ble B.S.Verma, J. Heard learned counsel for the parties and perused the record. This writ petition has been filed to issue a writ of certiorari to quash the recovery citation/certificate dated 28-6-2008 (copy Annexure No.1) issued by the respondent no.3. Prayer for writ of mandamus directing the respondents to accept the loan amount in instalment from the petitioner has also been made. According to the petitioner, he had taken a loan of Rs. 47,500/- for the purpose of purchase of computer and other accessories, under the Prime Minister Employment scheme from the respondent no.1- Bank. The repayment of loan was to be made within a period of five years, ie. upto December 2011. Due to loss in the business, the petitioner could not repay the loan amount in time. However, a sum of Rs. 12,662/- was deposited by the petitioner with the respondent no.1-Bank. On 28-6-2008, the respondent no. 3 issued recovery citation for recovery of Rs. 43,738/-, copy of which has been annexed as Annexure No. 1 to the writ petition. The petitioner is ready and willing to repay the outstanding amount of loan under the recovery citation in easy instalments. Hence this writ petition. During the course of arguments, learned counsel for the petitioner has urged that the petitioner is ready to repay the amount in question in easy instalments, while the learned counsel for the respondent no.1-Bank has submitted that the Bank has no objection if the entire outstanding amount under the recovery citation (Annexure No.1) is paid by the petitioner in not more than three equal quarterly instalments and the first instalment is deposited within a period of two months before the Recovery Officer. In the above facts and circumstances of the case, the petitioner is directed to pay the entire outstanding amount under the recovery citation (copy Annexure No. 1 to the writ petition) along with recovery charges before the Recovery Officer in three equal quarterly instalments. The first quarterly instalment shall fall due on the 1st day of February, 2009 and the subsequent instalment shall become due on 1st May 2009 and the last instalment shall be payable on 1st August 2009. It is made clear that in case of default in payment of any of the instalments, as directed above, the respondents shall be at liberty to recover the entire outstanding amount of loan in lump-sum. Accordingly, the impugned recovery citation (copy Annexure No.1) shall not be given effect to by the respondents. With the above observations, the writ petition is disposed of finally. (B.S.Verma, J.) RCP