through online electronic bidding.
D) The Petitioners accepted the OTS offer as per
the OTS scheme of the Bank vide its letter
dated ... 2020 and deposited 5% of the
OTS amount as per the OTS scheme
OTS scheme on 4th December, 2015 based on the scheme of the
Government of Maharashtra's One Time Settlement Scheme and had issued ... OTS scheme. The petitioner had participated in the
said scheme and had deposited the outstanding amount fixed under the said OTS
scheme. The petitioner
Belkhede, PS
16 wp3766.2023.OTS.docx
the grant of benefit under the OTS Scheme can be claimed as a
matter of right ... OTS to a borrower. The grant of benefit under the OTS
is always subject to the eligibility criteria mentioned under the
OTS Scheme
ready and
willing to make payment as per One Time Settlement (OTS) Scheme,
2008. However, he had expressed his doubt about the calculation ... April 2006
Reserve Bank of India issued guidelines on OTS Scheme for SME
Account of primary Urban Co-op Banks. As per the said settlement
ready and
willing to make payment as per One Time Settlement (OTS) Scheme,
2008. However, he had expressed his doubt about the calculation ... April 2006
Reserve Bank of India issued guidelines on OTS Scheme for SME
Account of primary Urban Co-op Banks. As per the said settlement
banks to evolve
frameworks for such non-discretionary and non-discriminatory OTS
schemes. The purpose of this is not to compel banks to enter into ... ground for rejecting an OTS proposal. In fact, to the contrary,
Clause 2(i) of the OTS scheme contemplates an exactly reverse
Page
field functionaries by formulating a non-discretionary, non-
discriminatory Special OTS scheme for NPA A/cs with O/S RLB up to Rs.
100 Lakh ... 3006.18(1).docx
31.12.2017 were eligible under the scheme. OTS declined by any other
authority other than BM were also eligible under the Scheme
OTS. No
order can be passed against lender bank to accept some OTS
proposed by the Petitioners or even to consider an OTS proposal ... OTS to a borrower. The grant of benefit under the OTS
is always subject to the eligibility criteria mentioned under
the OTS Scheme
subsequent events and recorded that the decisions to offer benefit
of OTS scheme to Savannah and to enter into consent terms were
incorrect ... cancellation of OTS offer. By order dated 6 March
2024, this Court stayed Bank's cancellation of OTS scheme. The said
Petition is pending
subsequent events and recorded that the decisions to offer benefit
of OTS scheme to Savannah and to enter into consent terms were
incorrect ... cancellation of OTS offer. By order dated 6 March
2024, this Court stayed Bank's cancellation of OTS scheme. The said
Petition is pending
