Court No. - 21

Case :- WRIT - C No. - 1875 of 2023

Petitioner :- Javed Akhtar

Respondent :- State Of U.P. And 2 Others

Counsel for Petitioner :- Ram Prakash Rai,Awadhesh

Counsel for Respondent :- C.S.C.,Ajit Kumar

Srivastava,Satish Chaturvedi

Hon'ble Manoj Kumar Gupta,J.

Hon'ble Vikram D. Chauhan,J.

The petitioner has challenged a demand notice dated

26.09.2022, issued on behalf of the respondent-Bank by its

counsel demanding Rs.14,99,000/- plus interest from the

petitioner.

Counsel for the petitioner admits the liability but submits that

some reasonable time be granted to the petitioner to deposit the

amount in default along with interest.

Learned counsel for the respondent-Bank, Shri Ajit Kumar

Srivastava states that the respondent-Bank is ready to accept the

money in installments, provided 25 percent of the total amount

is deposited within one month and the remaining amount within

next five months.

Learned counsel for the petitioner agrees to the said proposal.

Accordingly and in view of the agreement between the parties,

the instant petition is disposed of as follows:

(a) The petitioners shall deposit 25 percent of the total amount

due within one month.

(b) The remaining amount will be deposited in two installments

i.e. each of two and half months, so that the entire liability is

cleared within next five months.

In case of default, the aforesaid arrangement will stand

discharged automatically and it shall become open to the

respondent-Bank to proceed in the matter in accordance with

law.

Order Date :- 19.1.2023

Sumit Kumar

(Vikram D. Chauhan,J.) (Manoj Kumar Gupta,J.)

Digitally signed by :-

SUMIT KUMAR

High Court of Judicature at Allahabad