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.
CNR: WBCHCA0055732026
Next Hearing
12th February 2026
Filing Number
MAT /198/2026
Filing Date
05-02-2026
Registration No
FMA /210/2026
Registration Date
05-02-2026
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
23rd March 2026
Nature of Disposal
Contested--DISPOSED
Acts & Sections
Petitioner(s)
THE BRANCH MANAGER AXIS BANK LTD RAJAT NATH PYNE
Respondent(s)
KHATU SHYAM TRADING CO AND ORS
Hearing History
Judge: HON'BLE JUSTICE SHAMPA SARKAR , HON'BLE JUSTICE AJAY KUMAR GUPTA
FOR ADMISSION
APPLICATION (GR - IX)
APPLICATION (GR - IX)
| Date | Purpose | Result |
|---|---|---|
| 12-02-2026 | FOR ADMISSION | |
| 23-03-2026 | APPLICATION (GR - IX) | |
| 19-03-2026 | APPLICATION (GR - IX) |
Orders
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.
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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