Chandra Surya Rout v. Ceo, Urban Co-Operative Bank, Nuapatna

IN THE HIGH COURT OF ORISSA AT CUTTACK

WPC No.4603 of 2022 Chandra Surya Rout ....

Petitioner Mr. Shashi Bhusan Jena, Advocate -versusChief Executive Officer, Urban Co-operative Bank, Nuapatna Branch, Mangalabag, Cuttack and Others ....

Opp. Parties Mr. Milan Kanungo, Senior Advocate for Bank with Mr. Sidhartha Das, Advocate

CORAM:

JUSTICE JASWANT SINGH JUSTICE M. S. RAMAN Order No.

ORDER (Oral) 07.03.2022 02.

1. This matter is taken up by virtual/physical mode.

2. Petitioner is the defaulting co-borrower of a home loan account.

3. By filing the present petition, challenge has been made to assail the auction notice of the mortgaged residential house fixed for 08.03.2022 for recovery of an outstanding liability of ₹9,55,000.00 approximately.

4. At the time of hearing, counsel for the Bank states that upon deposit of the amounts overdue, the NPA account has been upgraded to a standard account. With regard to the alternative prayer for extending the loan tenure to 15 years, the counsel is free to make a

// 2 // proper application which shall be considered in terms of the policy of the Bank.

5. In view of the above, counsel for the Petitioner does not want to press the present writ petition.

6. Hence, the writ petition is dismissed as not pressed, the Bank is directed to consider the application, if any, in the aforesaid regard in accordance with law. (Jaswant Singh) Judge (M. S. Raman) Judge March 7th 2022 Cuttack AKPradhan