HIGH COURT OF UTTARAKHAND AT NAINITAL Writ Petition No. 1981 of 2009 (M/S) Mallah …. Petitioner .. Versus State of Uttarakhand & others … Respondents Mr. Navneet Kaushik, Advocate for the petitioner. Mr. K.P. Upadhyay, Additional Chief Standing Counsel for the State of Uttarakhand/respondent nos. 1 and 2. Mr. Vishal Singh, Advocate for respondent no. 3. 9th December, 2009 Hon’ble Sudhanshu Dhulia, J. The petitioner has admittedly taken a loan from the Axis Bank, Civil Lines Branch, Roorkee, District Haridwar. This loan has not been repaid and consequently recovery proceedings have been initiated against him. During the course of the argument, learned counsel for the petitioner Mr. Navneet Kaushik has prayed that he is prepared to pay the entire loan amount, however, the amount may be recoverable in easy installments. Learned counsel for the respondent- bank Mr. Vishal Singh consents to it. Therefore, following orders are being passed : The entire amount repayable to the bank is Rs. 3,81,837/- excluding the interest which is payable from the date of issue of recovery certificate. In case the petitioner deposits an amount of Rs. 1,81,837/- with the bank by 1st March, 2010 the remaining amount of Rs. 2,00,000/- shall be recoverable from the petitioner by way of monthly installments of Rs. 25,000/- each which shall be payable by the petitioner on 1st April, 2010, 1st May, 2010, and so on. The 2 remaining interest shall also be added in the last installment. It is clarified that in case the petitioner defaults in payment of even one installment, this relief which is being granted to the petitioner shall automatically come to an end and the Bank shall be free to initiate recovery proceedings against the petitioner. With the aforesaid directions, writ petition is disposed of. No order as to costs. (Sudhanshu Dhulia, J.) 9.12.2009 Avneet