Allowed
Deepak Swamy v. a.O.,Axis Bank Ltd.
Orissa HCWP(C)/12628/2016
Case brief
AI extract
What is this about?
The Court set aside a bank's recall of a housing loan and possession of the mortgaged asset. Directing the bank to return possession and continue the loan agreement if the petitioner deposits the defaulted instalments within five weeks.
What did the court decide?
Directed the bank to hand over possession of the mortgaged asset to the petitioner if the defaulted instalment amount is deposited within five weeks and the loan agreement continues.