OTS Scheme, 2009‟, the Corporation has been directed to issue No
Objection Certificate as well as to refund the amount deposited by the
auction purchaser ... petitioner to consider his case for settlement under the OTS
Scheme, 2009 on the ground inter alia that at the relevant time no
One Time
Chennai, first respondent herein, and was informed that the period of OTS Scheme would be extended, if the petitioner makes the payment ... dues under OTS. However, sale of the property, which was concluded prior to 10.02.2017, is valid and OTS scheme does not nullify the same
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
OTS Scheme, 2009‟, the Corporation has been directed to issue No
Objection Certificate as well as to refund the amount deposited by the
auction purchaser ... petitioner to consider his case for settlement under the OTS
Scheme, 2009 on the ground inter alia that at the relevant time no
One Time
benefits of the OTS, if they had submitted the application for consideration of their OTS within time limit specified in the Scheme?
Point ... Debt Recovery Tribunal had nothing to do with the OTS proposal or the OTS Scheme as the scheme was introduced only in the month
OTS policy for the
year 2004-05, subject to certain conditions stated therein.
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Under the said OTS scheme, the plaintiff paid ... respondent under
the OTS policy for the year 2004-05. The appellant having
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availed the benefit of the said OTS Scheme, wherein interest
amount
last date of the
One Time Settlement (hereinafter referred
to as “OTS”) Scheme of which the borrower
was entitled to seek benefits. The fact
that ... finalized.
6. There is no manner of doubt that
under the OTS Scheme the borrower had an
option of paying the dues
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
known as „BOI OTS 2017‟.
Accordingly, the respondent-Bank issued letter dated 15.11.2017
informing the petitioners regarding the said OTS scheme. The
petitioners approached ... expressed their
willingness to settle the outstanding loan under the OTS scheme.
Moreover, the officials of the respondent-Bank asked the petitioners
to wait till
fact that the
petitioners have already applied for One Time Settlement Scheme (OTS)
vide letter dated 25.6.2018 (Annexure P-17). Further, a writ of mandamus ... case status (Annexure P-15). The
respondent-Bank came up with OTS Scheme, Annexure P-16 for settling the
NPA accounts under the said Scheme
