This Writ Petition has been filed questioning the action of the
respondent bank in not returning the gold ornaments weighing 67.1 grams
pledged against gold loan A/c.No.154216540001812 even after full and final
payment of the loan amount.
2. The case of the petitioner, in brief, is that her husband was an
employee of respondent bank and he is presently under termination and the
said termination order is under challenge before the appellate authority. That
she had availed gold loan from the respondent bank to the tune of
Rs.2,85,000/- vide Gold Loan A/c.No.154216540001812 on 11.12.2023 by
pledging gold ornaments weighing 67.1 grams and within five (05) days of
sanction of the said gold loan, due to the reasons related to her husband’s
housing loan, the gold loan account was declared as Non-Performing Asset
(NPA) on 16.12.2023 and the bank had issued demand notices dated
03.01.2024 and 25.07.2024 to clear the entire dues of the gold loan and on
08.08.2024 final auction notice was issued proposing the date of auction as
23.08.2024, thereafter, on 19.08.2024, the petitioner had repaid the entire
loan amount and accordingly the gold loan account was closed by the
respondent bank on 23.08.2024.
