from withdrawing or
cancelling the OTS? (paras 91 to 131)
VI. Whether Pacquik concealed material facts in its OTS
proposal and committed fraud on PICUP ... whereof reads thus:
"3rd OTS APPROVAL COMMITTEE MEETING
ITEM NO._____
M/S PACQUIK INDUSTRIES LTD. :
CONSIDERATION OF OTS PROPOSAL
xxx xxx xxx
5. OTS
being adjusted against the
OTS amount. It was stated that if the OTS proposal was not going to be
accepted, then ... approximate OTS
amount of Rs. 789.96 lacs which was subject to reconciliation. SDBL was
advised on that basis "to submit OTS proposal in accordance
lenders by entering into OTS on bilateral basis with them. He
requested member banks to expedite the OTS proposal of the
company so that their ... respondent-bank. The PNB
did not accept any OTS, whereas, the respondent-bank accepted the OTS
proposal as per its existing Recovery Policy. The Sanction
Date:05.10.2025
05:02:45
the OTS process and withdraw all previous communications relating to the
OTS proposal on the ground that no approval ... lenders decided to annul the
OTS process and withdraw all previous communications relating to the OTS
proposal.
48. He contends that since the OTS proposal
that settlement proposals were exchanged between the parties.
8. Various proposals were given by the Petitioners for a One Time
Settlement (`OTS ... give breathing time to borrowers
and the revocation of the OTS proposal would run contrary to these circulars
and guidelines.
Signature Not Verified
Digitally Signed
directed to disclose, by way of an affidavit, list of OTS proposals disposed of by it after the publication of various circulars ... which prior proposal was sent by the petitioner under the Scheme which was valid up to 30th June 2001. The proposal under OTS Scheme dated
that BOM has a two-tier system of consideration of OTS proposals
by any distressed buyer. The proposal is first considered by a
Settlement Advisory ... OTS is approved. The OTS of AHN was
also approved after scrutiny by the said committees. The sanction and
approval of the OTS was, therefore
made in terms of the OTS dated 30.01.2019
including point No.2 of the OTS as proposed by the claimants and the
current financial year ... OTS be read as up to
31.03.2020 for the reason that good time has been taken in approval
by the Respondents of the OTS proposal
while not accepting the One-
Time Settlement (hereinafter referred to as OTS) proposal submitted by the
petitioner. Learned counsel for the petitioner has also taken ... call upon the respondents to explain as to why the
reasonable OTS proposal submitted by the petitioner was not accepted. He
also states that
petitioner to apply under the OTS Scheme. She points out that the
petitioner's OTS proposal ... Details of OTS Offer Upfront
Amount
1. OTS Offer up to Rs. 10 lacs Upfront 20%
2. OTS Offer more than Rs. 10 lacs
