1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE Writ Petition No.1873 of 2008 Namdeo Shivbal Ingale Petitioner Vs. The Pandharpur Urban Co-operative Bank Ltd. & anr. Respondents Mr.Ramdas Sabban for petitioner. Mr.N.P.Deshpande for resp.no.1. Ms.P.S.Cardozo, AGP for resp.no.2. CORAM: B.H.MARLAPALLE, J. April 29, 2008 P.C. . Heard Mr.Sabban, the learned counsel for the petitioner and Mr.Deshpande for respondent no.1 - Bank. Ms.Cardozo, the learned AGP appears for the respondent no.2. . As noted in the order dated 25/4/2008 in this petition, the respondent - Bank has agreed to accept an amount of Rs.4,60,000/- by way of full and final settlement from the petitioner and the petitioner has already deposited an amount of Rs.60,000/- with the respondent-Bank on 31/3/2008 in response to the said offer. 2 . So far as the remaining amount of Rs.4 lakhs is concerned, the petitioner will file an undertaking with the Registry of this Court within one week from today to the effect that the said balance of Rs.4 lakhs will be paid by him in eight monthly equal instalments (Rs.50,000/- per month). . If such an undertaking is furnished within one week by the petitioner with the Registry of this Court with a copy to Mr.Deshpande, the learned counsel for the respondent- Bank, it is directed that the Bank shall accept the repayment of Rs.50,000/- per month and the entire loan amount shall be cleared by the petitioner by 31st December 2008. The amount of Rs.50,000/- already deposited in this Court shall be adjusted against the first instalment for May 2008 and Mr.Deshpande, the learned counsel for the Respondent - Bank is allowed to withdraw the same. The second instalment of Rs.50,000/- for the month of June 2008 shall be remitted before 30th June 2008 by the petitioner to the respondent no.1 - Bank and similarly remaining six instalments will be remitted to the respondent - Bank before the end of each month. Default in any instalment will enable the 3 Bank to approach this Court for appropriate order. . Petition is disposed off in terms of the above order. (B.H.MARL