Authority: High Court of Orissa at Cuttack
Order Date: 06 July 2026
Case Overview
- Petitioners: Srimanta Kumar Mishra & Another (represented by Advocate A.C. Mohapatra).
- Opposite Parties: General Manager, Bank of India, Mumbai & Others (represented by Advocate G.D. Kar).
- Petitioners sought admission of the writ application, quashing of a letter under Annexure‑1, and consideration of their settlement representation under a scheme.
- The Bank contended that the total outstanding amount as of 11‑04‑2026 was Rs 46,00,000/‑, a figure disputed by the petitioners.
- Petitioners offered to pay Rs 8,18,570/‑ in two fortnightly installments and expressed willingness to pay any additional amount accrued since January 2026, describing the proposal as fair and reasonable.
Final Outcome
- The Court disposed of the petition, allowing the petitioners to pay the entire outstanding amount as indicated, together with any amount that accrues up to the date of the order, in three fortnightly installments.
- During the installment period, the loan will be treated as an NPA kept under "suspended animation"; the NPA status will be revived if the petitioners fail to adhere to the payment schedule.
- The first installment is scheduled to become due on 22‑07‑2026.
- The order is to be acted upon by all concerned parties.
Topics: NPA Settlement, Banking Litigation