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2003 DIGILAW 194 (UTT)

HORI LAL v. UTTAR PRADESH SAHKARI GRAM VIKAS BANK

2003-09-25

RAJESH TANDON

body2003
( 1 ) HEARD Sri M. C. Bansal for the petitioner and Sri N. C. Gupta. Standing Counsel for the respondents. ( 2 ) THIS writ petition has been filed by the petitioner challenging recovery notice by which a sum of Rs. 1,13,915/- has been demanded. According to the petitioner he is a small farmer and has taken loan of Rs. 38,000/- for running Dairy Farm business and for purchasing bufalloes and second loan for Rs. 45,000/- for planting of Papaya. The petitioner has repaid a total sum of Rs. 95,0007- to the Bank. The petitioner filed photostat copies of the receipt of repayment of loan. It has been alleged by the petitioner that the respondents have issued proclamation for auction of the agricultural land of the petitioner for which 26-9-2003 has been fixed. ( 3 ) ACCORDING to the petitioner he has repaid the amount more than that he had borrowed from the Bank. He also alleged that no account has been furnished by the Bank so as to enable hirn to come to the conclusion that the citation made by the Tehsildar is correct. Further according to him calculation of interest is wholly incorrect and no compound interest can be charged. ( 4 ) IN the case of Central Bank of India v. Ravindra, AIR 2001 SC 3095, the Apex Court has observed :"statement of accounts supplied by banks to borrowers many a times do not contain particulars or details of debit entries and when written in hand are worse than medical prescriptions putting to test the eyes and wits of. the borrowers. Instances of unscrupulous, unfair and unheal thy dealings can be multiplied though they cannot be generalised. " ( 5 ) THEREFORE, I am of the opinion that the bank authorities will furnish the account to the petitioner on production of certified copy of this order. ( 6 ) SO far as repayment of amount is concerned the petitioner is not challenging the recovery proceedings. However, the said plea is also not available to him. ( 7 ) THE petitioner has prayed that he being small farmer if the amount is realised by him through easy instalments it will serve the purpose of the Bank and vill also give relief to the petitioner who is small farmer. However, the said plea is also not available to him. ( 7 ) THE petitioner has prayed that he being small farmer if the amount is realised by him through easy instalments it will serve the purpose of the Bank and vill also give relief to the petitioner who is small farmer. In my opinion the interest of' Bank will be fully secured if the petitioner pays the amount in four equal quarterly instalments. ( 8 ) IN view of the afore said the petitioner is directed to pay the entire outstanding loan amount in four quarterly instalments. The first instalment will be paid by or before 31-11-2003. The amount of interest will be paid in the last instalment along with recovery charges, if any. In case of default of any instalment, the liberty given to the petitioner to pay the loan amount in instalments shall no more be available. ( 9 ) THE writ petition is disposed of with the above observations. Order accordingly. --- *** --- .