lacs, the
settlement amount in respect on one time
settlement of our account works out to be
Rs.283.38 lacs as per RBI guidelines ... debtor for one time settlement particularly in view of the fact that the
same is within the purview of One Time Settlement Scheme
one time
settlement or grant instalments. The Court has no right under Article 226 of
the Constitution to direct grant of one time settlement ... one time settlement. It is only the Corporation
or the financial institution which granted the loan which can grant one time
settlement
assurance for realization of one time
settlement amount and the memorandum of understanding or
one time settlement terms are basis for it, which are discussed ... give go-bye to one time settlement
and enforce the original debt thereof when one time settlement
is contingent and the cheques to be enforced
Bank mooted a proposal for a one time settlement. The total amount payable under the one time settlement scheme was Rs.10.50 Crores ... Time Settlement sanctioned, lapsed. However, in the financial year 2006-07 (Assessment Year 2007-08), the appellant complied with the terms of One Time Settlement
were passed from time to time
and even at one stage, it was decided to introduce a proposal of one
time settlement which was furnished ... One Time Settlement
scheme but the Division Bench by its interim order made it clear
that acceptance of one time settlement shall be without prejudice
one-time
settlement at the time of their retirement. Whether the words
"payable in one lump sum as one time settlement" occurring ... salary in one
lumpsum as one-time settlement. The words "payable in one lumpsum as
one-time settlement" occurring in the Rules should
time
settlement had not been issued any notice by the Corporation,
besides, no decision had been taken by the Corporation on the
one time settlement ... scheme for one time settlement
floated by the Corporation or for that matter the proposal, if
any, for one time settlement submitted
directed the respondent-bank to
grant them time, and to consider their one time settlement
proposal. The DRT observed that, in the event ... debtor for a
one-time settlement, particularly when it is within the purview of
the One-Time Settlement Scheme of the RBI. (Sardar Associates3).
While
instead applied for one time settlement. The respondent-bank has even accepted the one time settlement, which was accepted on 25.4.2001 (P-5). Even that ... respondent-bank to enter into one time settlement. A perusal of guidelines/one time settlement scheme issued
payments already made and the balance to be made, are towards one time settlements reached by the first respondent with their bankers.
5. While ... Bench also permitted the company in question to proceed with the one time settlement proposals entered into with the banks. Consequently, the applicant K.Periasamy
