Disposed
Sultan Salahuddin v. Authorized Officer/Associate Vice President
Karnataka HCWP/20345/2023
Case brief
AI extract
What is this about?
Borrower sought a direction to the bank to consider foreclosure of his loan account as per RBI directions. On the bank's statement that payment of Rs.4,00,000 would regularize the account, the court disposed of the petition directing that payment within three weeks, with liberty to the bank to proceed in accordance with law on default. Interim applications do not survive.
What did the court decide?
Petitioner directed to pay Rs.4,00,000 within three weeks; deposit regularizes the loan account; failing payment or default thereafter, bank free to proceed in accordance with law.