CRP 129/2010 BEFORE THE HON’BLE MRS JUSTICE ANIMA HAZARIKA Heard Mr. PC Dey, learned counsel appearing for the appellant. Also hear d Mr. LP Sharma, learned counsel appearing for respondent Nos.1 and 2. This application has been filed praying for extension of time of six mon ths w.e.f. March, 2011 for payment of outstanding loan to the opposite party, As sam Financial Corporation as the time limit fixed by the Corporation expired in March, 2011. This Court vide order dated 11.06.2010, while disposing the CRP No.129/2 010 filed by the petitioners i.e., the Assam Financial Corporation granted liber ty to the respondents (petitioner herein) to approach the Corporation to release the industry in his favour as directed by the learned appellate Court on 06.02. 2010 passed in Misc. Appeal No.3/2009. Accordingly the present petitioner approa ched the respondent No.1 Corporation and the Corporation granted the petitioner 6(six) months time to pay the entire arrear loan from the date of release of the industry, however, making it clear that if he fails to do so, the Corporation w ill again repossess the same including its entire mortgage assets as per provisi ons of law to realize the outstanding loan that he has availed. However, it is s ubmitted by Mr. Dey, the learned counsel for the petitioner that out of the due amount i.e., Rs.9,25,719/- an amount of Rs.3,29,435/- only has been paid by the petitioner towards the outstanding loan amount. By the instant Misc. Case, the petitioner has now prayed before this Cou rt to allow him another 6(six) months time to deposit the outstanding loan amoun t. Mr. Sharma, learned counsel appearing for the Corporation has objected t o the prayer so made and submitted that no further time may be granted to the pe titioner considering the facts and circumstances of the case. Reiterating the pr ayer for extension of time, Mr. Dey has submitted that the petitioner is facing hardship in paying the outstanding loan amount and the cause of his hardship has been stated at paragraphs 12 and 13 of this miscellaneous application. The stat ements made at paragraphs 12 and 13 being relevant are quoted hereunder: 12. That the applicant begs to state that on taking possession of the M /S Haraguri Stone Crusher after about 2‰ years w.e.f. March/2008 to September/20 10, it was found that the machine was not workable and needs repairing of Engine in various parts and accordingly he consult with the macanics of the company wh o has given an estimate for recovery of the said stone crusher machine amounting to Rs.5,05,730/-. The applicant also consult with the engineer, Sectional Offic er, PWD, Silghat Rural Road Section, for repairing/Renovation of labour shade, B amboo Bridge, Machinery shade, crusher plant, office room etc. for which he has given an estimate of Rs.3,66,200/-. Further the applicant has spend Rs.3,63,123/ - by purchasing electrical goods to make the machine workable. The total cost fo r running the plant now comes to Rs.5,05,730/- + 3,66,200/- = Rs.12,35,053/-. Ac cordingly the applicant spend the said amount for making the machine and plant w orkable. 13. That the M/s. Haraguri Stone Crusher plant though made ready for ru nning but due to non-supply of electricity, it could not started now. It is stat ed that the applicant has already deposited the necessary fees/security and othe r arrear outstanding Rs.27,057/- and the ASEB (LAECL) is now ready to give elect ricity connection within a short time. After hearing the learned counsel appearing for the parties and also tak ing into consideration the statements made on oath at paragraphs 12 and 13 as qu oted hereinabove, in my considered opinion, interest of justice would be served if some time is allowed to the petitioner to make payment of the outstanding amo unt. Accordingly, it is directed that the petitioner shall pay the outstanding a mount to the Corporation positively by 30.07.2011, making it clear that no furth er time shall be granted for the same. With the aforesaid direction, this Misc. case stands allowed and dispose d of.