Mr. Malay Kr. Seal, Adv.
For the respondent no. 2 :- Ms. Soni Ojha, Adv.
Hearing concluded on :- 02.07.2025
Judgment on :- 26.08.2025
Amrita Sinha, J.:-
1. The petitioners are aggrieved by the act of Axis Bank in continuing to
classify the petitioner no. 1 as fraud despite repayment of the due
amount. According to the petitioner, a sum of Rs. 7,50,00,000/- was
sanctioned as cash credit facility by the bank. The petitioners, prior to
declaration of fraud, repaid a sum of Rs. 13,47,96,742/-. The bank
claims Rs. 2,40,81,903.25/- over and above the amount paid by the
petitioners.