Baby Panda OTS Settlement Rs 11.5L Ordered

Authority: High Court of Odisha at Cuttack

Order Date: 24 September 2026

Case Overview

• Petitioner: Smt. Baby Panda, widow of the original loanee, filed writ petition (W.P.(C) No.29620 of 2026) seeking settlement of the outstanding loan on a One‑Time Settlement (OTS) basis.
• Opposite Parties: Union Bank of India, Odisha Zone, Bhubaneswar and its Chatrapur branch (Opposite Party No.2).
• The petitioner claims representation for OTS settlement is pending; the loan pertains to her residential house.
• The bank contends that the total outstanding amount as on the date of hearing is Rs 11,50,000.
• Counsel for petitioner: Mr. A. Acharya; counsel for bank: Mr. T. Sahu.

Final Outcome

• The Court directs the Branch Manager of Union Bank of India, Chatrapur Branch, to consider the petitioner’s grievance as per Annexure‑4 and dispose of it in accordance with law within four weeks from receipt of a certified copy of this order and the writ petition.
• No coercive action shall be taken against the petitioner until the bank’s decision is rendered.
• An urgent certified copy of the order shall be granted on proper application.

Topics: Loan Settlement, Banking Litigation, Court Order