Konark Enterprises Secures Court Order to Release Vehicle

Authority: High Court of Odisha, Cuttack

Order Date: 07 August 2026

Case Overview

• WP(C) No.24975 of 2026, CNR No. ODHC010582352026; petitioner Konark Enterprises (Jajpur) represented by Adv. Amiya Kumar Tarai; opposite parties Authorized Officer, HDFC Bank Limited (Bhubaneswar) and another, unrepresented.
• Petition seeks direction for the bank to release a hypothecated vehicle repossessed, extend 30 days for repayment, and re‑phrase the loan account.
• Facts: petitioner obtained a vehicle loan, paid regularly until February 2026, defaulted thereafter; bank issued notice on 01‑07‑2026 demanding full balance payment in one go.
• Petitioner offered to pay the overdue amount in a lump sum and requested the bank to allow regular EMI payments as per loan agreement.

Final Outcome

• Court orders petitioner to approach HDFC Bank with a proposal and to deposit the entire overdue amount within four weeks from the order date.
• Upon receipt of payment, the bank shall refresh the loan account, re‑fix the monthly installment, and consider releasing the hypothecated vehicle to the petitioner.
• The court warns that any further default will permit the bank to initiate legal action against the petitioner.
• The writ petition is disposed of at the admission stage.

Topics: Court Order, Vehicle Loan Recovery, Banking Regulation