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RAMESH KUMAR PATODIA vs. CITY BANK & OTHERS
(Calcutta High Court)

Hon'ble Judges:

I. P. MUKERJI
BISWAROOP CHOWDHURY
Pet. Counsel
Ramesh Kumar Patodia
Res. Counsel
Prabhat Kr. Srivastava
Ankita Singh
K. K. Maiti

Petitioner / Applicant

RAMESH KUMAR PATODIA
Respondent CITY BANK & OTHERS
Court Calcutta High Court
State

West Bengal

Date Jul 25, 2023
Order No.

APO 10 of 2023 With WPO 547 of 2019

Citation

2023(7) TAXREPLY 7648
Original Order
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ORDER

I. P. MUKERJI, J.:- This case is not of the ordinary kind. Most interesting points are involved in it. The appellant writ petitioner (the appellant) has argued this case remarkably well in person. The facts are these. At the material time, the appellant had a credit card provided by Citi Bank (the respondent bank). On 21st February and 28th February, 2019 the respondent bank offered a loan of Rs. 6,50,000/- being “increased pay lite loan” to him for 12 months with interest @ 13% per annum payable in 12 equated monthly instalments. The loan amount was disbursed by the bank by an account payee cheque. The date of advancement of loan was 2nd March, 2019. The equated monthly instalment (EMI) amount was Rs.58,050/-. From the statement enclosed by the appellant at Pg. 68A of the paper book, it appears that with the payment of EMIs, the interest amount in each EMI gradually reduced. At the start, the interest amount in the first EMI was Rs.7,041.44/-. In the las....

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