THE BRANCH MANAGER AXIS BANK LTD RAJAT NATH PYNE vs KHATU SHYAM TRADING CO AND ORS — FMA/210/2026

Case under No Act Section NA. Disposed: Contested--DISPOSED on 23rd March 2026.

Case disposed Next hearing 12-Feb-2026

CNR: WBCHCA0055732026

Filing Number

MAT/198/2026

Filing Date

05-Feb-2026

Registration No

FMA/210/2026

Registration Date

05-Feb-2026

Judge

Hon'ble Justice Shampa Sarkar , Hon'ble Justice Ajay Kumar Gupta

Coram

Hon'ble Justice Shampa Sarkar , Hon'ble Justice Ajay Kumar Gupta

Bench Type

Division Bench

Category

GROUP A (WRIT MATTERS) ( 1 )

Sub-Category

Residuary ( 26 )

Judicial Branch

FIRST MISCELLANEOUS APPEAL (FMA) SECTION

Decision Date

23-Mar-2026

Nature of Disposal

Contested--DISPOSED

Last updated 27-Mar-2026

Acts & Sections

No Act Section NA

Petitioner(s)

  1. 1.THE BRANCH MANAGER AXIS BANK LTD RAJAT NATH PYNE

Respondent(s)

  1. 1.KHATU SHYAM TRADING CO AND ORS

Case History

  1. Case disposedDisposed

  2. 23-Mar-2026

    Hon'ble Justice Shampa Sarkar,hon'ble Justice Ajay Kumar GuptaView PDF

  3. 23-Mar-2026

    Hon'ble Justice Shampa Sarkar,hon'ble Justice Ajay Kumar GuptaView PDF

    Summary The High Court at Calcutta set aside the lower court's order directing Axis Bank to refund Rs. 7,82,282.02 and Rs. 17,70,000 to the borrower for prepayment penalties. The court found that the RBI's August 2, 2019 circular clarified earlier guidance and permits foreclosure charges on business loans, and that the borrower was a medium enterprise (not small), making the previous judgment inapplicable. The case has been remitted for fresh hearing. This case analysis is maintained by casestatus.in based on publicly available court records.

  4. 23-Mar-2026

    Application (Gr - IX)

    Hon'ble Justice Shampa Sarkar , Hon'ble Justice Ajay Kumar Gupta

  5. 19-Mar-2026

    Application (Gr - IX)

    Hon'ble Justice Shampa Sarkar , Hon'ble Justice Ajay Kumar Gupta

  6. 12-Feb-2026

    First hearing

    Initial hearing scheduled

  7. 05-Feb-2026

    Case filed

    Registration No. FMA/210/2026

casestatus.in Summary

Summary The High Court at Calcutta set aside the lower court's order directing Axis Bank to refund Rs. 7,82,282.02 and Rs. 17,70,000 to the borrower for prepayment penalties. The court found that the RBI's August 2, 2019 circular clarified earlier guidance and permits foreclosure charges on business loans, and that the borrower was a medium enterprise (not small), making the previous judgment inapplicable. The case has been remitted for fresh hearing. This case analysis is maintained by casestatus.in based on publicly available court records.

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