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Konark Enterprises
5 articles
Konark Enterprises has secured a temporary reprieve in its dispute with HDFC Bank, as the Odisha High Court has granted the company a four-week window to propose and execute a one-time payment of overdue loan dues. The court’s directive mandates that upon full payment, HDFC Bank must refresh the loan account, re-establish monthly installments, and consider releasing the vehicle that was previously hypothecated. This development offers Konark Enterprises a chance to regain control of its assets and potentially avoid further legal action, though continued default would allow the bank to pursue its legal remedies. The outcome hinges on Konark Enterprises’ ability to meet this repayment deadline, highlighting ongoing financial challenges and the potential for renewed pressure if the terms aren't met.
Konark Enterprises Given 4-Week Repayment Window
The High Court of Odisha disposed the writ petition, directing the petitioner to approach HDFC Bank with a payment proposal.
The court ordered the petitioner to pay the overdue amount within four week
Konark Enterprises Wins Four-Week Repayment Order
The High Court of Odisha disposed the writ petition, directing the petitioner to approach HDFC Bank with a one‑go payment proposal.
The court ordered the bank to refresh the loan and re‑fix instalment
Konark Enterprises 4-Week Repayment for Vehicle Release
Odisha High Court dismissed the writ, ordering Konark Enterprises to propose a one‑time repayment of overdue dues to HDFC Bank within four weeks.
The court directed HDFC Bank to refresh loan, re‑fix i
Konark Enterprises Given 4-Week Loan Repayment Window
Court disposed of writ, directing petitioner to approach HDFC Bank with proposal to pay overdue amount in one go within four weeks.
Bank instructed to refresh loan account, re‑fix monthly installments
Konark Enterprises Secures Court Order to Release Vehicle
Odisha High Court heard Konark Enterprises' writ petition demanding release of a vehicle hypothecated by HDFC Bank.
The court directed the petitioner to approach the bank with a proposal and pay the o