NANAK CHAND Vs. STATE OF U P

JUDGEMENT

(1.) Heard learned Counsel for the petitioner, learned Standing Counsel for the State respondents and Sri P.K. Tripathi, learned Counsel for the respondent-bank. Sri P.K. Tripathi, learned Counsel for the respondent-bank, upon instructions has made a statement that the two Tractors loan of the petitioner have been closed as entire amount outstanding therein has been deposited by the petitioner. It is only KCC loan, Account No. 30179764403, which is still lying in default and amount of Rs. 3,34,080/- was outstanding in the year 2011 and upto date interest thereon also be payable by the petitioner. Learned Counsel for the petitioner does not dispute the amount which is sought to be recovered from him. Petitioner submits that he is ready to deposit whole of the amount in easy instalments.

(2.) Learned Counsel for the Bank states that the anxiety of the Bank is that the amount should be recovered back.

(3.) Accordingly this petition is disposed of with the following directions: