Authority: High Court of Odisha at Cuttack
Order Date: 14 Oct 2026
Case Overview
- Petitioners: Ashok Kumar Sahoo and others (represented by Advocate Adhiraj Mohanty).
- Opposite Party: The Chief Regional Manager, ICICI Bank Ltd., represented by Advocate N.K. Dash.
- Nature of proceeding: Writ Petition (Civil) No.33596 of 2026 seeking relief concerning an outstanding loan amount.
- Petitioners submitted that they are ready to pay the entire outstanding amount to the Bank within four weeks from the date of the order and requested a schedule for repayment.
- The Court, after hearing counsel for both sides, considered the petitioners' willingness to settle and the bank’s position.
Final Outcome
- The writ petition is disposed, permitting the petitioners to approach the Bank and deposit the entire outstanding amount within four weeks from the order date.
- As a mark of their bona‑fide gesture, the petitioners are allowed to deposit 25% of the total outstanding amount within seven days from the order date.
- If the 25% deposit is made within seven days, the Bank shall not take any coercive action against the petitioners for a period of four weeks from the order date.
- If the petitioners fail to deposit the entire outstanding amount within the stipulated four‑week period, the Bank is at liberty to proceed against them in accordance with law.
- An urgent certified copy of this order shall be granted on proper application.
Topics: Loan Repayment, Banking Litigation, Court Order