2016 (6) TMI 1440

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..... r payment of the outstanding dues in instalments and thereby succeeded in keeping the recovery proceedings in abeyance, he cannot be permitted to challenge the indulgence granted by the Bank in terms of one time settlement that too after committing default in payment of instalments. In other words, the petitioner cannot be granted liberty to challenge the outstanding shown by the bank under one ti .....

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..... r herein, a copy whereof is enclosed at page 60 of the paper book. The directions issued by the Division Bench for deposits of the instalments read as under: Subject to petitioner depositing an amount of ₹ 4.5 Crores on or before 7.2.2013 before the respondent no.6 for which an amount according to the petitioner bank draft is ready, no coercive action shall be taken against the petition .....

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..... rt earlier against the recovery proceedings initiated by the U.P. Awas Evam Vikas Parishad and had obtained an order for payment of the outstanding dues in instalments and thereby succeeded in keeping the recovery proceedings in abeyance, he cannot be permitted to challenge the indulgence granted by the Bank in terms of one time settlement that too after committing default in payment of instalment .....

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