loan account. This was the first
One Time Settlement (OTS) proposed by the respondent No.3-
borrower. Thereafter, on 25th November 2019, the respondent ... paid by 31 st March 2020. This
was the second OTS proposal from the respondent No.3-
borrower.
7. On 26th November 2019, the aforesaid
would be expedient for the petitioner bank to consider
OTS proposal of the respondent. At this juncture, it
is relevant to note that no time ... respondent bank for OTS and on their deposit
of Rs.2
ig crores they may be allowed to present
their OTS proposal to the respondent
will advert
to in detail at an appropriate stage, offered an OTS proposal to the
Petitioner. The Petitioner then accepted that OTS proposal and
paid ... Lakhs but states that as part
of the OTS proposal the Petitioner will undoubtedly pay the amount
and is ready to deposit it or make
from the date of issuance of the
firm sanction letter, sanctioning OTS proposal of the borrower and this
2/9
::: Uploaded on - 15/04/2024 ... amount, the
Bank filed proceedings before DRT and the Plaintiff submitted OTS
proposal to DRT which could not fructify, as a result in March
with respect
to the auction sale.
5. A One Time Settlement (OTS) proposal was moved by
the brother of the Petitioner -Respondent ... subject property on 24 March 2021.
The Bank accepted the OTS proposal and agreed to settle the debt
subject to payment
days
from the date of issuance of the firm letter
sanctioning OTS proposal of the Borrower.
(c) That the parties shall withdraw their respective cases ... OTS had been arrived at on 18 th January, 2024 was
entirely false and misconceived.
8. He submitted that the OTS proposal was sent
days
from the date of issuance of the firm letter
sanctioning OTS proposal of the Borrower.
(c) That the parties shall withdraw their respective cases ... OTS had been arrived at on 18 th January, 2024 was
entirely false and misconceived.
8. He submitted that the OTS proposal was sent
contesting respondent No.2 Bank in rejecting a
One Time Settlement (OTS) proposal dated 24.06.2024 moved by the
petitioner and also the consequent possession notice ... mandamus against the said respondent Bank for reconsidering the
OTS proposal of the petitioner.
MINAL Digitally
by MINAL
signed 3. The OTS proposal was moved
pointed out that as on the date of consideration of the
OTS proposal, final decree has been passed by the DRT
as against Petitioner ... OTS scheme so as to
avail the incentive benefits of the OTS scheme.
17. The Bank having sanctioned the OTS scheme and the
Petitioners having
much as they were subsequently informed that similar OTS proposal was offered to the other Debenture Holders where as they learnt later from an affidavit ... Dena Bank for the OTS shows that they had approached other Debenture Holders with similar OTS proposal as offered to Dena Bank, which was being
