COURT No.5 HIGH COURT OF UTTARANCHAL AT NAINITAL Writ Petition No. 884 of 2006 (M/S) CIVIL SIDE Vijay Kumar s/o Sri Avadhu Ram Village Bari Aanjnia, Tehsil Khatima, District Udham Singh Nagar ……… PETITIONER Versus 1. State of Uttaranchal 2. Tehsildar Khatima, District U.S. Nagar 3. The State Bank of India, Khatima, District U.S. Nagar ……... RESPONDENTS Sri S.C. Bhatt, Advocate for the petitioner. Sri D.S. Patni, Advocate for the respondent no.3 & Standing counsel for Respondents no. 1 and 2. Dated: 12.7.2006 Hon’ble Rajesh Tandon, J. Heard the learned counsel for the parties at length. This writ petition has been filed by the petitioner challenging recovery notice. According to the petitioner he is a small farmer and has taken loan of Rs. 95,000/- in the year 2003 for agricultural purpose. The loan was to be repaid in 26 monthly instalments with interest @ 12.5% per annum. The petitioner has submitted that he could not repay the loan as his diary business could not succed. He requested the Bank to fix easy instalments for repayment of laon amount but he turned down the request and issued recovery citation against the petitioner for recovery as arrears of land revenue. The petitioner has also alleged that no account has been furnished by the Bank so as to enable him to come to the conclusion that the citation made is correct. Further according to him calculation of interest is wholly incorrect and no compound interest can be charged. In the case of Central Bank of India vs. Ravindra and others, AIR 2001 SC 3095 the Apex Court has observed: “Statement of accounts supplied by banks to borrowers many a times do not contain particulars or details of debit entries and when written in hand are worse than medical prescriptions putting to test the eyes and wits of the borrowers. Instances of unscrupulous, unfair and unhealthy dealings can be multiplied though they cannot be generalized.” Therefore, I am of the opinion that the Bank authorities will furnish the account to the petitioner on production of certified copy of this order. The petitioner has prayed that he being small farmer if the amount is realised from him through easy instalments it will serve the purpose of the Bank and will also give relief to the petitioner. In my opinion the interest of Bank will be fully secured if the petitioner pays the amount in eight equal quarterly instalments. In view of the aforesaid the petitioner is directed to pay the entire outstanding loan amount in eight quarterly instalments. The first instalment will be paid by or before 30.9.2006. The amount of interest will be paid in the last instalments. In case of default of any instalment, the liberty given to the petitioner to pay the loan amount in instaments shall no more be available. Subject to the above observations, the writ petition is disposed of. No order as to costs. (Rajesh Tandon J.) 12.7.2006 Dhyani