Authority: High Court of Odisha at Cuttack
Order Date: 03 September 2026
Case Overview
- Petitioner: K. Nilamadhab Achary (also Nilamadhab Achary K.)
- Opponent: Branch Head Karur Vysya Bank Limited and another party.
- Writ Petition No.21041 of 2025 filed seeking admission of the petition and a One Time Settlement (OTS) of the loan account.
- The petitioner asserted that 50% of the settled amount had been deposited under the OTS scheme.
Final Outcome
- The Court observed that the loan had already been settled under the OTS scheme, with the petitioner having paid 50% of the settled amount.
- Consequently, the reliefs sought in the writ petition were deemed no longer viable.
- The writ petition was disposed of without any interference, with the observation that the petitioner may approach the bank for any further grievance.
Topics: Legal Dispute, Banking, One Time Settlement