INDU CHAWLA v. UCO BANK
Court: High Court of Rajasthan
Bench: VINIT KUMAR MATHUR
Judgment date:
Case summary
High Court of Rajasthan judgment dated 2025-02-03. INDU CHAWLA v. UCO BANK. Read the judgment and case details on LawSphereX.
Judgment text
[2025:RJ-JD:6624] HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR S. B. Civil Writ Petition No. 2249/2025 Indu Chawla W/o Shri Amit Chawla, Aged About 50 Years, R/o 57, Bhardwaj Colony, Sriganganagar, Rajasthan. ----Petitioner Versus 1. UCO Bank, 10 Btm Sarani, Kolkata - 700001, Through Its General Manager. 2. UCO Bank, Sriganganagar, Branch At 45 C Block, Sriganganagar, Rajasthan, Through Its Authorized Officer. 3. Amit Chawla S/o Late Shri Madan Lal Chawla, R/o 57, Bhardwaj Colony, Sriganganagar, Rajasthan. ----Respondents For Petitioner(s) : Mr. Hemant Kumar Jain For Respondent(s) : Mr. Bhavit Sharma HON'BLE MR. JUSTICE VINIT KUMAR MATHUR Order 03/02/2025 1. Learned counsel for the petitioner submits that the petitioner is ready and willing to repay the complete housing loan amount due to the respondent-Bank, provided the appropriate time of upto 31. 03. 2025 is granted to do so. 2.
The submission made by learned counsel for the petitioner is not opposed by the learned counsel for the respondents, however, he submits that if the petitioner fails to repay the entire housing loan amount on or before 31. 03. 2025, then the respondents may be granted liberty to initiate appropriate proceedings against the petitioner for recovery of the loan amount from her from the stage of issuing the notice under Section 13 (8) of the SARFAESI Act, 2002, to which the counsel for the petitioner agrees. [2025:RJ-JD:6624] (2 of 2) [CW-2249/2025] 3. In view of the submission made before this Court, the writ petition is disposed of with a direction to the petitioner to deposit the entire housing loan amount on or before 31. 03. 2025 and till then, the respondents shall not proceed with the proceedings initiated under the SARFAESI Act, 2002. 4. It is made clear that if the petitioner fails to repay the entire amount of the housing loan upto 31. 03.
2025, the respondents shall be at liberty to undertake proceedings under the SARFEASI Act, 2002 which are pending till date, strictly in accordance with law. (VINIT KUMAR MATHUR),J 115-/Arun P/-
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