Petitioner availed a loan from the 5^th respondent for an

amount of Rs.1.5 lakhs under the educational loan scheme “PNB

Vidyalakshyapurthi”. Over and above the said amount, on

11.3.2009 an amount of Rs.32,800/- was also advanced to the

petitioner for her educational purpose by the 5^th respondent

bank. As per the terms of the scheme, the repayment for the loan

amount will start only from the one year after the completion of

the course or 6 months after getting the employment, whichever

is earlier. There was also 1% reduction in the interest rate, if the

amount is paid during the course period. According to the

petitioner, there was certain declarations made by the Finance

Minister during the financial year 2014-15 in the parliament with

respect to the interest waiver to the educational loans. To put it

short, repayment was defaulted, consequent to which revenue

recovery action was initiated at the instance of the bank, and it

is thus challenging the coercive action, this writ petition is filed.

2.

When this writ petition was admitted to the files of this

Court, interim order against coercive action was granted on

3

condition that petitioner remits an amount of Rs.25,000/-