direct the respondent
Bank to consider and accept the OTS proposal dated 12.12.2011 of
Micro Forge India Private Limited as further improved by email ... communication dated 3.3.2012 and to consider and accept the OTS
proposal dated 12.12.2011 of New Tech Forge and Foundry Limited.
(B)
to restrain, pending
Bank to rectify the OTS proposal applying
applicable discount in the principal amount
in the proposal of OTS sanctioned by the
bank.
8.According ... consider and accept the proposal as per
the non-discretionary and non-discreminatory
proposal of OTS as given by the State Bank of
India
adverting to the OTS offer of the petitioner, it is stated that
the OTS offer was not having any concrete OTS offer inasmuch ... except submitting vague offers, had not
given any clear offer or OTS proposal. It is stated that the proposal of
petitioner dated 14.1.2020 was received
extension of
time period for full and final settlement under the OTS
proposal due to COVID-19. By letter dated 03.09.2020,
Page ... extension of
time period for full and final settlement under the OTS
proposal due to COVID-19. Thereafter, on 9.9.2020 the
respondent no.1 addressed
requesting the bank for restructuring of
the loan or making OTS proposals. It is submitted that various
OTS proposals were submitted by the petitioner ... bank to provide terms and
conditions of OTS in accordance with OTS proposal accepted
dated 26/07/2019. It is to be noted that
petitioner gave a One Time Settlement
("OTS") on 25.02.2019. The OTS Proposal offered a medium
for raising 17 crores by the petitioner ... sanction/ approval of OTS. It appears that the bank by a
communication dated 29.03.2019, according to the petitioner
accepted the OTS proposal and laid down
deposit Rs.7.5 lacs
within one week along with OTS proposal. He further
submitted that Applicant No.1 is a cooperative society of
small ... Rupees Seven Lac Fifty Thousand
only) within one week along with OTS proposal.
Meanwhile. Respondent ARCIL is directed to consider the
OTS proposal
year 2000. It was therefore, once again requested to accept the
OTS proposal submitted by letters dated 03.06.2016 and
14.09.2016.
15. The petitioner thereafter ... OTS can be given to the petitioner
provided that the petitioner is found eligible as per the OTS. The
petitioner has not made any proposal
year 2000. It was therefore, once again requested to accept the
OTS proposal submitted by letters dated 03.06.2016 and
14.09.2016.
15. The petitioner thereafter ... OTS can be given to the petitioner
provided that the petitioner is found eligible as per the OTS. The
petitioner has not made any proposal
amount, so directed, has been
deposited on 13.02.2023 together with OTS proposal of Rs.65 lakh.
It is submitted that the total OTS amount offered ... petitioners, does not inspire
confidence inasmuch as, the said OTS proposal, has been submitted
by the petitioners since December, 2022. Earlier also, the proposal
