ORAL ORDER

The petitioner is before this Court calling in question a communication dated 24.05.2024 issued by the respondent - Canara bank (hereinafter referred to as 'the Bank' for short) demanding an amount of Rs.3,08,12,476/- as charges towards Concession in Rate of Interest, as the petitioner has pre-closed the loan that was secured from the hands of the respondent - Bank.

2. Heard the learned counsel Sri.Bipin Hegde, appearing for the petitioner and the learned counsel Sri. Shetty Vignesh Shivaram, representing the Canara Bank.

3. The facts, in brief, germane are as follows:

The petitioner is said to be a customer of respondent - Canara bank and had availed several loans at intermittent intervals. The issue in the lis is with regard to financial assistance applied by the petitioner for an amount of Rs.85 Crores for setting up of a Greenfield, Grain and Molasses based 80 KLPD capacity Ethanol manufacturing unit. The Bank did not release the entire Rs.85/- Crores but restricted the amount to Rs.53/- Crores. The petitioner then represents contending that the entire amount has not been released and the loan is restricted to Rs.53 Crores.

4. A communication then emerges that the amount