((-1-)) IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.950 OF 2006 Kishore Amar Khatri Petitioner versus C.K.P. Co-op. Bank Ltd. & ors. Respondents Shri N.B.Ghorpade for petitioner. Shri Kisan D. Sakre for respondent bank. CORAM : S.C.DHARMADHIKARI, J. DATE : 17th February 2006 PC : 1. Heard Shri Ghorpade for petitioner and Shri Sakre for first respondent bank. 2. Apart from the fact that the petitioner has alternate and equally efficacious remedy of challenging the Recovery Officer as also the action initiated in execution of the same, in addition, he can always show his bona fides in the matter and abide by the commitment made to the bank. Upon instructions from the petitioner who is present in the Court, Shri Ghorpade makes ((-2-)) a statement that petitioner would pay Rs.20.00 lakh (Rs.Twenty lakh only) within three weeks from today. In case said sum is paid, the bank to appropriate and/or adjust it towards one time settlement of Rs.1.10 crores. Learned counsel for the bank states that in case the petitioner deposits this sum, the bank would abide by its offer. 3. In the event petitioner pays the aforesaid sum as undertaken above, the bank is willing to accept the same and therefore, the coercive measures are stayed at the instance of petitioner for a period of three weeks. It will be open for the bank to proceed thereafter in case amount is not paid. Petition disposed of. (S.C.DHARMADHIKARI, J.)