property”, for short
3 “the Act”, for short
4 “OTS”, for short
5 “first OTS proposal”, for short
CA Nos. 743-744/2017 2
twelve ... OTS amount from Rs.6,27,400/-
(Rupees six lakhs twenty seven thousand four hundred only) to
6 “second OTS proposal”, for short
7 “third
letter dated 30.10.2023
rejecting the petitioner's One Time Settlement (OTS) Proposal dated
17.10.2023. The petitioner is the promoter of the Insolvent
Entity ... OTS
submitted by the petitioner in terms of the RBI Framework.
2. R.1, which rejected the petitioner's OTS proposal
recovery than the
OTS amount. Accordingly, Appellant was informed, vide letter dated
6
23.01.2018 issued by Regional Manager, that OTS proposal of the Appellant
cannot ... more revenue than the OTS amount and, accordingly,
Appellant, vide its letter dated 23.01.2018, was communicated that its OTS
proposal cannot be considered till such
OTS, is not correct. In this case, on the approach
made by the opposite party No.1, the bank entered into an OTS proposal
with ... submitted proposal under OTS vide letter dated 26.9.2019, the
applicant bank has approved and sanctioned OTS proposal for
Rs.5.50 crore as against
Time Settlement (OTS) is made by the respondent.
Admittedly, substantial amounts were deposited in
pursuance to the OTS proposal. However, the appellant
refused to accept ... accepting the OTS Scheme. The Writ Petition was
disposed of by judgment under appeal directing the
appellant to accept the OTS proposal
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
Orders were reserved in
Company Petition, a One Time Settlement (OTS) Proposal was
submitted by Corporate Debtor to the ICICI Bank offering total
amount ... revised OTS Proposal and
agreed that revised proposal cannot be accepted at that stage.
xliii. On 20.07.2024, Appellant submitted an alternate OTS Proposal
proceeding
Orders were reserved in
Company Petition, a One Time Settlement (OTS) Proposal was
submitted by Corporate Debtor to the ICICI Bank offering total
amount ... revised OTS Proposal and
agreed that revised proposal cannot be accepted at that stage.
xliii. On 20.07.2024, Appellant submitted an alternate OTS Proposal
proceeding
Orders were reserved in
Company Petition, a One Time Settlement (OTS) Proposal was
submitted by Corporate Debtor to the ICICI Bank offering total
amount ... revised OTS Proposal and
agreed that revised proposal cannot be accepted at that stage.
xliii. On 20.07.2024, Appellant submitted an alternate OTS Proposal
proceeding
Orders were reserved in
Company Petition, a One Time Settlement (OTS) Proposal was
submitted by Corporate Debtor to the ICICI Bank offering total
amount ... revised OTS Proposal and
agreed that revised proposal cannot be accepted at that stage.
xliii. On 20.07.2024, Appellant submitted an alternate OTS Proposal
proceeding
