terms of the OTS proposal and, even after a lapse of three
years from the date of said OTS Scheme being approved by the Bank ... positively grant a
benefit of OTS to a borrower;
19
(iii) The grant of benefit of OTS Scheme is subject to the
eligibility criteria
cancelled the previously approved compromise settlement
under the One-Time Settlement (OTS) scheme concerning the
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Digitally Signed
Signed ... otherwise OTS would be rendered
infructuous. Therefore, borrowers were bound to make the
payment as per the sanctioned OTS Scheme. Therefore, the
High Court ought
three different OTS floated by the
Bank and the Bank offered the Respondent-borrower
to settle the outstanding payment under the OTS
Scheme. However ... otherwise OTS would be rendered
infructuous. Therefore, borrowers were bound to make
the payment as per the sanctioned OTS Scheme.
Therefore, the High Court ought
pursuant to sanction of OTS. Amount was not deposited in any
specific account as OTS scheme was a consolidated one. However, respondent -
bank without ... alleged by the
petitioner. It is submitted that once consolidated OTS scheme was sanctioned,
both accounts should have been clubbed together and amount be deposited
three different
OTS floated by the Bank and the Bank offered the
Respondent-borrower to settle the outstanding
payment under the OTS Scheme. However ... otherwise OTS would be rendered
infructuous. Therefore, borrowers were bound to
make the payment as per the sanctioned OTS
Scheme. Therefore, the High Court ought
petitioners and therefore, the petitioners have breached
the condition mentioned in OTS Scheme and hence, the
bank has initiated proceedings to get the possession ... otherwise OTS would be rendered
infructuous. Therefore, borrowers were bound to make
the payment as per the sanctioned OTS Scheme.
Therefore, the High Court ought
OTS
to a borrower. The grant of benefit under the OTS is
always subject to the eligibility criteria mentioned
under the OTS scheme ... provide
special schemes such as One Time Settlement Schemes to enable
defaulters to wipe off the liabilities. Terms and conditions of such
schemes are formulated
OTS
to a borrower. The grant of benefit under the OTS is
always subject to the eligibility criteria mentioned
under the OTS scheme ... provide
special schemes such as One Time Settlement Schemes to enable
defaulters to wipe off the liabilities. Terms and conditions of such
schemes are formulated
proposal for OTS is absolutely illegal because
communication dated 01.07.2019 does not even refer to the OTS Scheme
formulated by the bank ... OTS is always subject to the eligibility criteria mentioned under
the OTS Scheme and the guidelines issued from time to time. If
the Bank/financial
OTS to a borrower.
The grant of benefit under the OTS is
always subject to the eligibility criteria
mentioned under the OTS scheme ... bank to positively
grant a benefit of OTS to a borrower. The
grant of benefit of OTS Scheme is subject
to the eligibility criteria
