WRIT - C No. 35836 of 2025 at Allahabad

HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 35836 of 2025 Nepal Singh .....Petitioner(s) Versus State Of U.P. And 4 Others .....Respondent(s) Counsel for Petitioner(s) : Santosh Kumar Singh Counsel for Respondent(s) : Arvind Singh, C.S.C. Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Santosh Kumar Singh learned counsel for the petitioner, Sri Arvind Singh learned counsel for the respondent bank and the learned Standing Counsel for the State. 2. Petitioner has committed default in repayment of secured debt to the respondent-Bank. Bank has initiated proceedings under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However, no auction has taken place and third party rights have not intervened. 3. At the outset, petitioner has offered to pay the outstanding amount Rs. 10,81,000/- together with entire interest due, within a period of five months. This offer has been accepted by learned counsel for the respondent - Bank. 4. Accordingly, the writ petition is disposed of with the following directions: (i) The petitioner shall clear the entire arrears due, within a period of five mo