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allowed directing the petitioner-bank to make one time settlement as per RBI guidelines applicable at the relevant time ... they approached the petitioner-bank for one time settlement in view of the RBI guidelines,. vide letter dated
Punjab-Haryana High Court
- Cites 17 - Cited by 1 - Full Document
payment of Rs. 2.5 crores as one time settlement, in terms of the RBI guidelines and to close the account ... RBI published a one time settlement scheme (here-in-after referred to as OTS Scheme) applicable to all Public Sector
Delhi High Court
- Cites 10 - Cited by 0 - Full Document
deposited for availing the benefit of RBI one time settlement scheme. He submitted that this contention was raised before ... basis of the guidelines issued by the RBI for one time settlement of the NPA. He cited the decision
Madhya Pradesh High Court
- Cites 11 - Cited by 1 - Full Document
value of the security. 4. RBI guidelines are very clear for one time settlement of dues for SME accounts with ... purpose of enforcing the RBI guidelines in respect of one time settlement. 29. It may be that no specific prayer
Supreme Court of India
- Cites 28 - Cited by 51 - Full Document
contrary to the spirit of the One Time Settlement under the RBI scheme. The RBI scheme is applicable ... RBI from time to time. When the RBI scheme is beneficial, the Banks which are bound to follow the RBI
Debt Recovery Appellate Tribunal - Madras
- Cites 4 - Cited by 3 - Full Document
petitioner of rejection of its proposal under RBI "One Time Settlement" Scheme. The impugned letter notices the DICGC rejection ... willful defaulter" and not eligible under the one time settlement scheme of RBI. 2.Learned counsel for the petitioner
Delhi High Court
- Cites 0 - Cited by 0 - Full Document
Anil Mahajan candidly conceded that the RBI scheme for one time settlement dated January 29, 2003 clearly provides a Settlement ... respondents for a compromise settlement under the RBI scheme for one time settlement 2003. The case of the appellant, therefore
Jammu & Kashmir High Court
- Cites 1 - Cited by 0 - Full Document
dues under one time settlement scheme as per the directions of RBI. However, according to complainants, opponent bank avoided ... settle the account giving concession under one time settlement scheme as per RBI circular
State Consumer Disputes Redressal Commission
- Cites 3 - Cited by 0 - Full Document
final settlement to the extent of RBI's One Time Settlement (OTS) Scheme and wanted to give credit ... opened not modified in terms of One Time Settlement as prayed for by the defendants and further reduction cannot
Debt Recovery Appellate Tribunal - Madras
- Cites 0 - Cited by 2 - Full Document
approval dated 10.11.2005 given by the RBI for One Time Settlement (OTS) Scheme formulated by the State of Andhra Pradesh ... earlier orders passed by the RBI. 2. The order of the RBI cancelling licence is vitiated on the ground
Andhra High Court
- Cites 70 - Cited by 0 - Full Document
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