since the business was not going on well, One Time
Settlement (OTS) Scheme for Rs.25,25,000/- was proposed by the
petitioner ... proceedings when compromise was arrived at between Bank and
Company under OTS Scheme of Bank, continuance of criminal
proceedings after compromise of matter between parties
explained any reason as to why the implementation of OTS
scheme should be stalled either on account of such scheme
being disadvantageous to the bank ... submits that at any rate the OTS scheme is not a part of
restructuring of account, since the petitioner wants to pay
the amount
auction, the respondent-
bank had introduced a One Time Settlement (OTS) scheme afresh
on 09.08.2018; pursuant thereto, the Bank had offered the OTS
benefit ... SARFAESI Act , cannot be faulted. Extension of the benefits of the
OTS scheme, to the borrower, is an event subsequent to the filing
auction, the respondent-
bank had introduced a One Time Settlement (OTS) scheme afresh
on 09.08.2018; pursuant thereto, the Bank had offered the OTS
benefit ... SARFAESI Act , cannot be faulted. Extension of the benefits of the
OTS scheme, to the borrower, is an event subsequent to the filing
entire due amount was already
cleared under One Time Settlement (OTS) Scheme, and even no due
certificate, dated 25.03.2009, was also issued by the Bank ... petitioners to find that the entire amount was cleared
under OTS Scheme, it is to be stated that a bald statement is made to
make
inability to repay the entire
amount; the petitioner requested for OTS scheme on 08.07.2016
for an amount of Rs.15.65 crores
inability to repay the entire
amount; the petitioner requested for OTS scheme on 08.07.2016
for an amount of Rs.15.65 crores
process of sale
of the property, he entered into OTS scheme with the Manager with a
view to release the original sale deed bearing document ... respondent/complainant paid the entire amount towards the home loan
under OTS scheme, but the original document was not returned.
Thus, creating mortgage in favour
India and floated its own circular in
relation to an OTS scheme and rejected the offer made by the borrower,
the appellant before the Supreme ... came up
with its own guidelines in relation to an OTS scheme and the Debts
Recovery Appellate Tribunal had jurisdiction to direct the bank
paid Rs.10,21,198/- under a one-time settlement (OTS) scheme and that
the bid amount of the auction purchaser along with 7% interest ... settled/agreed amount under the RINN SAMADHAN-II Scheme (OTS
Amount: Rs.10,21,198/-). The OTS was therefore in relation to the balance
dues
