Petition seeking to release loan papers, security title deeds and other documents obtained towards the loan covered by Ext.P3 settlement

Last updated: 21 May 2021
Quick Summary
A petitioner, who runs a business, filed a writ petition requesting the release of loan documents and security title deeds from Syndicate Bank. The petitioner had taken a loan in 2006 and faced SARFAESI proceedings. Despite making substantial payments and reaching a One Time Settlement (OTS) agreement, the bank recalled the OTS. A subsequent settlement was agreed upon, and the petitioner made several payments towards it. The court's judgement addresses the petitioner's plea for the return of their documents.

Court :
Kerala High court

Brief :
The petitioner, who is running a proprietary business in construction, hardware and paint materials, has filed this writ petition seeking to command respondents 1 to 3 to immediately release loan papers, security title deeds and other documents obtained towards the loan covered by Ext.P3 settlement. Incidental reliefs are also sought for.

Citation :
WP(C)/12538/2020

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