Can i pay cash of rs. 10000 per month to settle a liability of 180000

hi,

If there is a liability of Rs. 1,80,000 in my books can I pay Rs. 15,000 (two installments of Rs. 10,000 and per month to settle it ?

What if the amount is 3,60,000 can I settle it in same way in 2 FY ? since I cannot pay more than 2 lakhs in one FY