Authority: High Court of Odisha, Cuttack
Order Date: 3 November 2026
Case Overview
- Parties: Petitioner Malaya Kumar Roul vs Cholamandalam Investment & Finance Company Limited (Chola Finance) and others (Bank).
- The petitioner submitted a representation dated 10 July 2026 (Annexure‑4) seeking redress of a grievance.
- The writ petition was at the admission stage; counsel for the petitioner (Ms. Bharati Dash) and counsel for the opposite parties (Mr. R. K. Rout) were heard.
- The Court directed the Branch Manager of Chola Finance, Bhadrak (Opposite Party No.3) to consider the grievance in accordance with law and to render a decision within four weeks of receiving a certified copy of this order along with a copy of the writ petition.
Final Outcome
- The writ petition is disposed of at the admission stage.
- The Branch Manager must decide on the petitioner’s grievance within four weeks of receipt of the certified order.
- If the petitioner deposits a sum of Rs 5,00,000 (five lakhs) before Opposite Party No.3, the status‑quo regarding possession of the properties in question shall not be disturbed until the representation is disposed of.
- An urgent certified copy of this order shall be issued on proper application.
Topics: Legal Dispute, NBFC Regulation