IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.16518 of 2008 M/S BAJORIA SILK MILLS,a partnership firm, having its place of business at Hazzari Sah Lane, Nathnagar,Bhagalpur through its Partner,Narendra Kumar Bajoria son of late Puranmal Bajoria, resident of Nath Nagar (Bajoria Silk Mills),P.O. & P.S. Nathnagar,District- Bhagalpur. Versus 1. THE BIHAR STATE FINANCIAL CORPORATION, Frazer Road,Patna through its managing Director. 2. The Managing Director, Bihar Sate Financial Corporation, Frazer Road,Patna. 3. The Branch Manager, Bihar State Financial Corporation, Bhagalpur Branch, Bhagalpur. 4. The Deputy Manager Zone-III, Bihar State Financial Corporation, Frazer Road,Patna. ----------- 3 18.12.2008 Petitioner is indebted to Bihar State Financial Corporation. It suffered because of lack of adequate financing . Being in default, it had earlier tried to settle the due and even approached the Corporation in terms of earlier One Time Settlement Scheme but it could not pay the full amount and therefore its due could not be fully settled. Even under the Scheme envoked it would not apparently qualify but still in order to retain the property, petitioner has shown earnestness in trying to get the matter settled. On the above facts, this Court is of the view that keeping in view the non industrial climate that as earlier prevailed in the State and now the general recession it would be not fitness of thing for the Management of the Corporation to come to an amicable settlement, so that the petitioner may be able to make an honorable exit. The petitioner would thus be entitled to make an application/representation to the Managing Director and the respondent- Corporation seeking sympathic consideration in the - 2 - matter and the respondent- Managing Director of the Corporation would accordingly see the matter sympathetically and give maximum relief that is permissible to the petitioner, so that the matter may be settled once and for all as between the parties in accordance with law. The writ petition stands disposed of. singh (Navaniti Prasad Singh)