Hyderabad: Justice T. Vinod Kumar of the Telangana High Court directed local authorities to reconsider compensation for petitioners in a land acquisition case involving Singareni Collieries Company Limited. Since the respondents agreed to pay the amount, the writ plea was allowed in August 2021 directing the respondents to pay the amount payable to the petitioner with 18 per cent interest …
The High Court of Karnataka has advised the Ministry of Finance and the Reserve Bank of India to have a re-look into the norms of One Time Settlement Scheme for banks to recover loans while questioning why payment of only 70% of the secured portion of loan under OTS is demanded even when more amount could be realised from the …
HYDERABAD: A one-time settlement of loans taken from banks by itself is not legally sufficient to wipe out the criminal liability of the borrowers, particularly those who fraudulently took loans and opted to settle those with meagre amounts. Their firm, Kyori Oremin, availed credit facilities from Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra and ICICI Bank, …
