Summary: The court told IDBI Bank to give back the original documents to Smt Suram Visalakshmi after she paid off her loan completely. Even though she had a No Dues Certificate, the bank had not given the documents back.
Smt Suram Visalakshmi, a 77-year-old retired woman from Hyderabad, had taken a loan from IDBI Bank. She paid off the whole loan and got a No Dues Certificate on November 26, 2020. However, the bank didn’t give her back her original papers.
Judge Nagesh Bheemapaka looked at the case. The court noticed that a similar issue had been resolved in another case. The court decided to use the same solution here.
"Based on the facts and situation... this Court believes there is no argument that needs to be solved in this case."
The court told IDBI Bank to give back all the original documents related to the loan account (No. 0446655100001007) within six weeks. This decision was made because the loan was paid off and a No Due Certificate was given.
The court also asked Smt Suram Visalakshmi to file a written promise. She must agree to give the documents to the Central Bureau of Investigation (CBI) if they need them.
The lawyer for the CBI was against the petition, saying that charges against different groups, including Smt Suram Visalakshmi, had been filed. Trials for related cases were already happening.
Judge Nagesh Bheemapaka ended the case by ordering the bank to return the documents. The court also closed any extra petitions related to this case.
"This case is closed with an order for the bank to take all steps to return all the original documents..."
This judgment makes sure that Smt Suram Visalakshmi gets back her documents, solving a long-standing issue with the bank.
