Court Dismisses Petition on UCO Bank E-Auction

Authority: High Court of Orissa at Cuttack

Order Date: 20 August 2026

Petitioner: Nabakrushna Das, represented by Ms. Sandhya Rani Parida, Advocate, with counsel Mr. Asim Kishore Pal.
Opposite Parties: UCO Bank, Balasore and others.
Petition Details (W.P.(C) No.19006 of 2026):
Sought a Rule NISI to quash the E‑Auction Notice dated 07.05.2026 issued by the bank (Annexure‑1) concerning:
Plot No. 114/3188/3558, Khata No.832/680, area 0.03 acre.
Plot No. 114/3188, Khata No.832/900, area 0.05 acre.
Requested the bank be directed to allow closure of the loan account under the prevailing One Time Settlement (OTS) Scheme within a stipulated period.
Developments Presented by Counsel:
The e‑auction scheduled for 30 May 2026 failed, making the challenge to the notice infructuous.
The petitioner remains keen to settle the loan under the OTS Scheme.

The Court, without delving into the merits of the petition, disposed of the writ petition.
Observation: The petitioner, if advised, may approach UCO Bank in accordance with law and make a proposal for settlement of outstanding loan dues under the OTS Scheme.
The order directs that an urgent certified copy of the order be granted on proper application.

Topics: Legal Proceedings, Banking Regulation