HIGH COURT OF UTTARAKHAND AT NAINITAL Writ Petition No. 2042 of 2009 (M/S) Gaurav Singh …. Petitioner .. Versus State of Uttarakhand & others … Respondents Mr. K.S. Verma, Advocate for the petitioner. Mr. Sudhir Kumar, Brief Holder for the State of Uttarakhand/respondent nos. 1 and 2. Mr. Dinesh Gahtori, Advocate holding brief of Mr. L.K. Tewari, Advocate for respondent no. 3. 4th December, 2009 Hon’ble Sudhanshu Dhulia, J. The petitioner has admittedly taken a loan from the Punjab National Bank, Branch Ikbalpur, Roorkee, District Haridwar. This loan has not been repaid and consequently recovery proceedings have been initiated against him. This Court was not inclined to grant any relief to the petitioner, however, on the submission made by the learned counsel for the petitioner Mr. K.S. Verma that he is ready to pay the loan if easy installments, as agreed to the learned counsel for the respondent-bank. The respondent-bank is being represented by Mr. L.K. Tewari, Advocate. Presently Mr. Dinesh Gahtori is holding brief of Mr. L.K. Tewari, Advocate for the bank. He accepts the proposition of the petitioner and on this basis the following orders are being passed, by consent of both the parties : The entire amount repayable to the bank is Rs. 44,074/- excluding the interest which is payable from the date of issue of recovery certificate. In case the petitioner deposits an amount of Rs. 14,074/- with the bank within a period of one month i.e. on or before 4.1.2010, the remaining amount shall be recoverable from the petitioner in three installments of Rs. 10,000/- each which shall be payable by the petitioner on 4th 2 of February, 2010, 4th of March, 2010 and 4th of April, 2010, respectively. The remaining interest shall be calculated in the last installment. It is made clear that in case of any default in payment of installments, the Bank will be at liberty to initiate recovery proceedings against the petitioner. With the aforesaid directions, writ petition is disposed of. No order as to costs. (Sudhanshu Dhulia, J.) 4.12.2009 Avneet