Sujit Mohanty v. Iifl Finance Ltd. (Imfl) Bbsr
Case brief
What is this about?
Orissa High Court, Cuttack; W.P.(C) No.26274 of 2025; Sujit Mohanty v. IIFL Finance Ltd. (IMFL) & Ors.; lien and defreezing of current account No. 2845285345 held with Kotak Mahindra Bank (OP No.2); One Time Settlement (OTS) proposal to IIFL Finance Ltd. (OP No.1); finance company ready to settle on payment of Rs.3,60,000/-; Court directed payment of Rs.3,60,000/- within one month; account to be settled on payment, else company free to proceed in accordance with law; writ petition disposed of; single Bench of Dr. Sanjeeb K Panigrahi; order dated 10.11.2025.
What did the court decide?
Petitioner directed to pay Rs.3,60,000/- within one month; upon payment within the stipulated time the loan account shall be settled; failing which the finance company is free to proceed in accordance with law. ¶¶19