Rama Chandra Patra v. Cm Cum Ao, Uco Bank, Balasore

IN THE HIGH COURT OF ORISSA AT CUTTACK

W.P.(C) No.39040 of 2021 Rama Chandra Patra ....

Petitioner Mr. Karunakar Rath, Advocate -versusChief Manager-cumAuthorized Officer, UCO Bank, Zonal Office, Balasore and Another ....

Opp. Parties Mr. Sunil Kumar Swain, Advocate for the Bank

CORAM:

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

ORDER (Oral) 04.04.2022 07.

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

2. The petitioner was a defaulter borrower of Cash Credit loan facilities availed from UCO Bank, Ganeswarpur Industrial Estate Branch, DistBalasore for a sum of Rs.85 lakhs on 01st December, 1998. Due to financial indiscipline, the loan account was declared NPA on 31st December, 2015 and thereafter recovery proceeding under the SARFAESI Act, 2002 was initiated.

3. At the time of hearing, learned counsel for the parties submit that the present writ petition has become infructuous as upon deposit of the required amounts the loan account has been closed on 08th

// 2 // March, 2022 and the original title deeds of the Secured Assets has since been released.

4. In view of the above, the writ petition is disposed of as infructuous.

(Jaswant Singh) Judge (M.S. Raman) Judge AKK April 4th, 2022 Cuttack