Lachhman Dass Gupta and Manjula Gupta sue Citizens Bank over financial disputes

Lachhman Dass Gupta and Manjula Gupta sued Citizens Bank, alleging the bank failed to honor certain financial obligations. The case remains active with no judge assigned and no public docket number. The plaintiffs claim Citizens Bank, as a successor institution, breached contractual duties related to their accounts or loans.

The bank disputes these claims, arguing it met all obligations or that the plaintiffs lack standing. On May 12, 2026, the court issued a written opinion addressing preliminary matters, though the details of that opinion have not been publicly disclosed.

Without a judge assigned or a docket number, the case appears to be in early stages, possibly awaiting further procedural steps such as motions to dismiss or discovery. The dispute centers on whether Citizens Bank, as successor to a prior entity, assumed liabilities owed to the Guptas.

The outcome could hinge on contract interpretation and successor liability principles. The case has not yet moved into extensive fact-finding or trial preparation. Watch for the court to assign a judge and set a schedule for motions or discovery.

The parties may file dispositive motions challenging the sufficiency of the claims or defenses. The May 12 opinion may provide clues on the court’s initial stance, but further filings will clarify the trajectory.