Orissa High Court
WP(C)/17275/2026 of PRASANTA KUMAR MOHANTY Vs AUTHORIZED OFFICER., ICICI BANK LTD., WEST BENGAL on 19 August 2026
of 2 IN THE HIGH COURT OF ORISSA AT CUTTACK W.P.(C) No.17275 OF 2026 CNR ODHC010386882026 Prasanta Kumar Mohanty …. Petitioner Mr. Laxmi Narayan Patel, Advocate -versus- Authorized Officer, ICICI Bank Ltd., Kolkata …. Opp. Parties Mr. Nalini Kanta Dash, Advocate CORAM: JUSTICE
IN THE HIGH COURT OF ORISSA AT CUTTACK
W.P.(C) No.17275 OF 2026
CNR ODHC010386882026
Prasanta Kumar Mohanty
….
Petitioner
Mr. Laxmi Narayan Patel, Advocate
-versus-
Authorized Officer, ICICI Bank Ltd.,
Kolkata
….
Opp. Parties
Mr. Nalini Kanta Dash, Advocate
CORAM:
JUSTICE KRUSHNARAM MOHAPATRA
JUSTICE MRUGANKA SEKHAR SAHOO
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ORDER
Order No. 19.08.2026
03.
1. This matter is taken up through hybrid mode.
2. The writ petition has been filed for a direction to the Opposite Parties-Bank to settle the loan account under One Time Settlement (OTS) within a reasonable time period.
3. Mr. Patel, learned counsel for the Petitioner submits that due to non-payment of instalments, the loan account of the Petitioner has become NPA. In the meantime, notices under Section 13 (2) and 13 (4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for brevity ‘the SARFAESI Act’) has been issued but no auction notice has yet been published. The Petitioner is ready and willing to regularize the loan account and repay the loan dues as per the norms.
4. Mr. Dash, learned counsel appearing for Opposite Parties-Bank submits that restructure of the loan may not be Digitally Signed Signed by: SASHIKANT PARIDA Reason: Authentication Location: OHC Date: 19-Aug-2026 17:35:02 Signature Not Verified possible, but the Petitioner, if so advised, may approach the Bank for regularizing the loan account.
5. In view of the above, this Cout, without delving into the merits of the case of the Petitioner, disposes of the writ petition with a direction that in the event the Petitioner approaches the Bank for regularization of his loan account following due procedure of law, the same shall be considered by the Bank in accordance with law, if necessary, by giving opportunity of hearing to the Petitioner.
Urgent certified copy of the order be granted on proper application.
(K.R. Mohapatra)
Judge
(Mruganka Sekhar Sahoo) Sashikant
Judge