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Articles for Ots, search results for petitioner

Telangana HC Directs Reassessment of Compensation in SCCL Land Case
1 month, 1 week ago

Telangana HC Directs Reassessment of Compensation in SCCL Land Case

Deccan Chronicle  

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 …

High Court Compensation Court Writ Case Respondent Cent
Telangana High Court Quashes Tax Authority's Show Cause Notices To Assessee As Demand Was Settled Under State's One Time Settlement Scheme
3 months, 2 weeks ago

Telangana High Court Quashes Tax Authority's Show Cause Notices To Assessee As Demand Was Settled Under State's One Time Settlement Scheme

Live Law  

The Telangana High Court recently quashed two show cause notices issued by the tax authority to a company, demanding tax which was already settled under the state government's One Time Settlement scheme, while noting that there was "no allegation of fraud" committed by the company in the notices. A division bench of Justice Sujoy Paul and Justice Namavarapu Rajeshwar Rao …

Hyderabad Tax Court Show Cause Notice Settlement Notices Telangana
Borrowers Enter OTS ; Supreme Court Directs Bank To Re-Consider Decision Of Wilful Default
1 year, 11 months ago

Borrowers Enter OTS ; Supreme Court Directs Bank To Re-Consider Decision Of Wilful Default

Live Law  

The Supreme Court Bench comprising of Justice Surya Kant and Justice J.B. Pardiwala, while adjudicating a petition filed in Orbitz Irrigation Pvt. While the Petitioner was paying further amounts towards OTS proposal, the First Committee vide its order dated 29.07.2021 had declared the Petitioners as wilful defaulters. Decision Of The Court The Bench observed that after being declared wilful defaulters, …

Personal Court Order Hearing Committee Bench Decision
No Borrower Has Right To Grant Of One Time Settlement Scheme: Telangana High Court
2 years ago

No Borrower Has Right To Grant Of One Time Settlement Scheme: Telangana High Court

Live Law  

The Telangana High Court relying on decision of Apex Court in Bijnor Urban Cooperative Bank Limited, Bijnor v. Meenal Agarwal, ruled that Banks have the freedom to accept or reject One-Time Settlement proposals as per their commercial wisdom. "No bank can be compelled to accept a lesser amount under the One Time Settlement scheme despite a bank is able to …

Court Settlement Bank Scheme Petitioner Ots One Time Settlement
Bank Cannot Backout From OTS Offer After It Is Accepted By Borrower: Madhya Pradesh High Court
2 years, 3 months ago

Bank Cannot Backout From OTS Offer After It Is Accepted By Borrower: Madhya Pradesh High Court

Live Law  

The Madhya Pradesh High Court recently held that a Bank cannot backout from implementing the One Time Settlement offer it had proposed, after it was accepted by the borrower. Calling such an action by the Bank as arbitrary and unreasonable, Justice Sanjay Dwivedi observed- In the case at hand, the petitioner being a guarantor had mortgaged his personal property and …

Court Bank Offer Petitioner Ots Ots Offer
MP High Court Upholds Eligibility Criteria Laid Down By Bank Of Baroda For Its Borrowers To Avail Benefits Of Resolution Framework 2.0 Issued By RBI
2 years, 6 months ago

MP High Court Upholds Eligibility Criteria Laid Down By Bank Of Baroda For Its Borrowers To Avail Benefits Of Resolution Framework 2.0 Issued By RBI

Live Law  

The Madhya Pradesh High Court, Indore Bench has recently upheld the eligibility criteria laid down by the Bank of Baroda for its borrowers to avail the benefits of the Resolution Framework 2.0 issued by the Reserve Bank of India. Justice Vivek Rusia held that the eligibility criteria of the Bank of Baroda, whereby only those borrowers were eligible whose accounts …

Policy Court Resolution Bank Eligibility Date Rbi
'Go Catch Bigger Fish...The Ones Who Loot 1000s Of Crores' : Supreme Court Rejects Bank's Case Against Farmer
2 years, 7 months ago

'Go Catch Bigger Fish...The Ones Who Loot 1000s Of Crores' : Supreme Court Rejects Bank's Case Against Farmer

Live Law  

The Supreme Court on Friday pulled up the Bank of Maharashtra for challenging a High Court's order of directing the bank to accept the OTS proposal given by a farmer who had availed a loan from the bank. Such a litigation in Supreme Court will spoil the families of farmers financially," the bench of Justices DY Chandrachud and Surya Kant …

Supreme Court Court Bank Order Petitioner Ots
Take a relook at OTS norms for loan recovery: Karnataka HC
3 years, 9 months ago

Take a relook at OTS norms for loan recovery: Karnataka HC

The Hindu  

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 …

Bank Ots
In Case Of Breach Of Terms Of One Time Settlement, Bank Becomes Free To Recover Debt Irrespective Of OTS: Punjab & Haryana High Court
3 years, 11 months ago

In Case Of Breach Of Terms Of One Time Settlement, Bank Becomes Free To Recover Debt Irrespective Of OTS: Punjab & Haryana High Court

Live Law  

The Punjab and Haryana High Court on Wednesday held that once the terms and conditions of the One Time Settlement entered with the bank are violated by a borrower and the settled amount is not paid within the agreed time frame, no further orders are required from the Court to extend the period of payment under the OTS. A Division …

Court Balance Bank Pay Case Payment Bench