IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.17934 of 2008 Willson Pet (India) Pvt. Ltd., Tar Kutir, Near Tara Hospital, Bank Road, West Gandhi Maidan, Patna-800001, through Sri Shailesh Kumar, Director. ………. Petitioner. VERSUS 1. The Central Bank of India, Frazer Road, Patna through the Branch Manager. 2. Sri R.C. Chandwani, the Authorized Officer, Central Bank of India, Frazer Road, Patna. ……….. Respondents. ------------- Counsel for the Petitioner : Mr. Ajay Kumar Pandey, Advocate. Counsel for the Bank : Mr. Ajay Kumar Sinha, Advocate. ----------- 05 02.02.2009 The petitioner expresses gratitude to the bank for coming to an amicable settlement in the matter and agrees to abide by the terms as indicated. The only difficulty petitioner has, as he has to resite and restart the industry, he prays for one month time to restart repayment as per the settlement. Bank wants to start repayment immediately. In my view, it will not irreparably harm the bank if gives reprieve for one month. It will be just and equitable if petitioner starts repayment initially @ Rs. 50,000/-per month, beginning from first week of March 2009 and in three months time he should increase the monthly instalments to at least Rs. 55,000/- a month and thereafter review the situation for further increase to expedite liquidation of the dues. This would be in interest of the petitioner and the bank itself. In case, the bank finds that the mode aforesaid indicated is not just and proper to liquidate the dues promptly then bank may review the situation 2 depending on the conduct of the petitioner in the next six months and can file an application before this Court for modification of the terms hereinabove noted. This disposes of the writ application itself. A copy of this order be given to learned counsel for the bank. Trivedi/ (Navaniti Prasad Singh, J.)