IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.3134 of 2010 1. GAURI SHANKAR SHARMA S/O LATE RAM JATAN SHARMA R/O VILL.- SHIV MANDIR ROAD, CHANDPUR BELA, P.S.- JAKKANPUR, DISTT.- PATNA Versus 1. REG.MANAGER CUM AUTHORISED OFFICER CENTRAL BANK OF INDIA ( REGIONAL OFFICE ), MAURYA COMPLEX, PATNA 2. CHIEF MANAGER CENTRAL BANK OF INDIA, FRAZER ROAD, PATNA 3. BRANCH MANAGER CENTRAL BANK OF INDIA, FRAZER ROAD, PATNA ----------- 3 03/03/2010 The stand of the petitioner is that he wants to liquidate the outstanding loan if he is shown indulgence and if some of the misgivings on the objections are settled with the concerned Bank. The stand of the learned counsel for the respondent Bank is that they had to take steps under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 after there was default on re- payment by the borrower in the year 2007 when the loan account was declared N.P.A. There are no disputes with regard to borrowing and the status of the petitioner who is stated to be the guarantor because it is his son who is the borrower. With the limited areas of conflict, let the petitioner approach the concerned - 2 - Bank with his queries or clarifications along with his substantive offer for liquidating the outstanding loan and the Bank will consider it favourably keeping in mind the relevant circular for settlement of his dues. If the petitioner can work out mutually within the agreeable time frame, the issue may be resolved between the parties. This writ application is disposed of as above. AMIN (Ajay Kumar Tripathi, J.)