Authority: Court No.7, West Bengal
Order Date: 11 August 2026
Case Overview
- Petitioners: Tapas Karmakar (individual) and M/s. Sikha Enterprise (Proprietor – Tapas Karmakar).
- Respondents: State of West Bengal and others, including the respondent Bank.
- The petitioner filed WPA 20057 of 2026 seeking relief concerning two personal loan accounts and three loan accounts of Sikha Enterprise maintained at the Bank’s Sheakhala Branch.
- On 11 August 2026, the Bank submitted a printed email offering a counter‑offer for One‑Time Settlement (OTS) of the five loan accounts.
- Email terms: Total OTS amount Rs 14.50 Lakhs; upfront payment Rs 3.00 Lakhs by cash deposit or RTGS/NEFT within banking hours of the day; remaining Rs 11.50 Lakhs payable by 30‑Sep‑2026, with a post‑dated cheque dated on or before 28‑Sep‑2026 to be submitted on the same day.
- The invitation was expressly valid only for the day of issuance and contingent upon the borrower’s written acceptance, upfront payment, and cheque submission before any acceptable bid is received for the mortgaged property being auctioned that day.
- The petitioner, through counsel Mr. Kushal Chatterjee, confirmed agreement to the counter‑offer and willingness to make the stipulated payments.
Final Outcome
- The Court observed that the parties have, in principle, agreed to the terms outlined in the email and therefore found no further relief necessary.
- WPA 20057 of 2026 was disposed of with no costs awarded to either side.
Topics: Loan Settlement, One‑Time Settlement, Court Order