Rahisuddin v. Sarva Haryana Gramin Bank And ORS.

CWP-13789-2018 -1IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-13789-2018 Date of Decision: May 29, 2018 Rahisuddin .....Petitioner

Versus

Sarva Haryana Gramin Bank and others ......Respondents CORAM: HON'BLE MR.JUSTICE SURYA KANT HON'BLE MR. JUSTICE SHEKHER DHAWAN 1.

To be referred to the Reporters or not?

Yes/No 2.

Whether the judgment should be reported in the Digest? Yes/No.

3.

Whether Reporters of local papers may be allowed to see the judgment? Yes/No .......

Present:

Mr.Yogeshwar Dayal Kaushik, Advocate for the petitioner.

........

SURYA KANT, J.

The petitioner had taken loan of `3.00 lac from respondentsSarva Haryana Gramin Bank in the year 2012. Though some payments were made intermittently but with the addition of interest component, the recoverable amount still remains more than `4.57 lac. The petitioner wants to settle the loan account under 'One Time Settlement' Scheme. [2] In view of the above-stated plea, the writ petition is disposed of with liberty to the petitioner to approach the respondents-Bank, i.e. respondent Nos.2 and 3 within one week from today alongwith OTS proposal as well as upfront amount of `1.00 lac. If such a proposal is put up by the petitioner, the respondent-Bank is directed to consider the same sympathetically and as per the Bank Policy. If the proposal is accepted by Meenu 2018.05.30 10:33 I attest to the accuracy and authenticity of this document chandigarh

CWP-13789-2018 -2the Bank, let it grant reasonable time to the petitioner to pay the balance loan amount in installments. An appropriate decision be taken within a period of two weeks from the date of submission of 'OTS' offer. Till such time, status quo re: possession be maintained.

( SURYA KANT ) JUDGE May 29, 2018 ( SHEKHER DHAWAN ) meenuss JUDGE 1.

Whether speaking/reasoned ?

Yes 2.

Whether reportable ?

No Meenu 2018.05.30 10:33 I attest to the accuracy and authenticity of this document chandigarh