Authority: High Court of Odisha at Cuttack
Order Date: 07 August 2026
Case Overview
- Petitioner: Konark Enterprises, Jajpur (represented by Adv. Amiya Kumar Tarai)
- Opposite Parties: Authorized Officer, HDFC Bank Limited, Bhubaneswar and another
- Writ petition (WP(C) No.25030 of 2026) seeking release of hypothecated vehicle and extension of time to repay overdue loan amount.
- Petitioner claimed regular EMI payments until March 2026, default thereafter; bank issued notice on 30.06.2026 demanding full repayment.
- Petitioner offered to pay entire overdue amount in one go and requested the bank to regularize the loan and release the vehicle.
Final Outcome
- Court disposed of the writ at the admission stage, directing petitioner to approach HDFC Bank with a proposal to pay the overdue amount in one lump sum within four weeks from the order date.
- Upon receipt of the payment, the bank shall refresh the loan account, re‑fix the remaining monthly instalments, and consider releasing the hypothecated vehicle, subject to full payment.
- The court warned that any further default will permit the bank to take legal action against the petitioner as per applicable law.
Topics: Bank‑Petitioner Dispute, Vehicle Repossession