Judgment / Order

18/08/2021 This writ petition is filed by the petitioner-Bank seeking the following reliefs:-

“(i) That, the respondent-Employer may kindly be directed for providing the due amount of loan to the petitioner-Bank from account of borrower.

(ii) That, the respondent-Employer may further be directed that due amount of loan along with interest from the account of the borrower may kindly be released in favor of petitioner-Bank.

(iii) That, it is further prayed that respondent-Employer may be directed that petitioner-Bank be not deprived from the recoverable due amount of loan, with out having legal ground.

(iv) That, any other relief for which the petitioner-Bank is entitled in eye of law may kindly be granted.

It is therefore, prayed that writ petition be allowed with cost.”

Learned counsel for the petitioner- Bank has submitted that the petitioner-Bank has advanced a loan of Rs. 4,60,000/- on 03.09.2014 to one Sugan Chand, who was working as a Teacher with the Government of Rajasthan. As per the terms and conditions of the loan agreement and the duration of the said loan was 60 months and Sugan Chand was required to repay the said loan through monthly installments. It is arg