KSHITISH CHAUDHURI v. THE AUTHORISED OFFICER, REGIONAL OFFICE, CANARA BANK, BHADRAK
Court: High Court of Orissa
Bench: MR. JUSTICE DIXIT K.S.,MR. JUSTICE CHITTARANJAN DASH
Judgment date:
Case summary
High Court of Orissa judgment dated 2026-04-09. KSHITISH CHAUDHURI v. THE AUTHORISED OFFICER, REGIONAL OFFICE, CANARA BANK, BHADRAK. Read the judgment and...
Judgment text
IN THE HIGH COURT OF ORISSA AT CUTTACK W. P. (C) No. 10636 of 2026 Sri Kshitish Chaudhuri …. Petitioner Mr. A. K. Biswal, Advocate -Versus- The Authorized Officer, Regional …. Opp. Parties Office, Canara Bank, Bhadrak & Another Mr. A. N. Das, Advocate CORAM: JUSTICE KRISHNA SHRIPAD DIXIT JUSTICE CHITTARANJAN DASH ORDER Order No. 09. 04. 2026 01. Petitioner, a borrower is grieving before the Writ Court against the coercive action of recovery of loan constituted under the provisions of SARFAESI Act, 2002. 2.
Learned counsel for the Petitioner submits and learned Panel Counsel appearing for the OPs agrees that petition be disposed off by directing the Petitioner to remit 30% of the outstanding amount within two weeks of which half will be paid within one week, reckoned from this day and that the remaining 70% of the amount should be paid in three equalized installments, reckoned from lapse of 15 days as under: “25% within two weeks, another 25% within two weeks next following, the last 20% two more weeks next following, failing which Bank would be at liberty to take all coercive action in accordance with law and in that connection, all contentions are kept open. ” It hardly needs to be stated that whatever amount has been paid by way of cheque or RTGS by the Petitioner shall be given due deduction and subject to compliance, there shall be no coercive proceedings. Ordered accordingly and writ petition is disposed off. Web copy of this order to be acted upon by all concerned.
(Krishna Shripad Dixit) Judge (Chittaranjan Dash) Judge Madhusmita Signature Not Verified Digitally Signed Signed by: MADHUSMITA MALLICK Designation: Jr. Stenographer Reason: Authentication Location: HIGH COURT OF ORISSA, CUTTACK Date: 10-Apr-2026 13:17:43
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