1. Present writ appeal has been filed by the appellant, who was the petitioner in writ petition, against the impugned order dated 25.10.2024 passed by the learned Single Judge in Writ Petition No.1326 of 2006, whereby the writ petition filed by the petitioner has been dismissed.

2. Brief Facts of the case as emerges from the pleadings of the parties in the writ petition are that the appellant / petitioner was owned 9.4 hectare (23 acres) of agricultural land, situated near Hathbandh Railway Station, at village Sitapar, Tehasil Simga, District Raipur CG with various Khasara numbers. To improve the agricultural fields and the activities, petitioner purchased a tractor after obtaining loan of Rs.3.25 lakhs from the District Cooperative Krishi evam Gramin Vikas Bank, Maryadit, Branch Simga (for short, 'Cooperative Bank, Simga') in the year 2000. Due to some unavoidable circumstances, the petitioner went under serious losses which resulted into inevitable defaults in repayment of loan amount and its installment.

3. By the time of sanctioning the loan in favour of the petitioner, he mortgaged his agricultural land of 9.4 hectare with the Bank. Market value of the land of the petitioner was