The Bank in the case did not confer the benefit of the One Time Settlement, OTS Scheme to the petitioner, citing a delay in payment of the second instalment within the stipulated time.
The bench headed by Justice Dinesh Kumar Singh in the case observed that the Bank did not raise an objection wherein it is stated that the petitioner delayed the payments of the second instalment or that the OTS Scheme had lapsed.
The court in the case observed that the Bank accepted the second instalment paid by the petitioner under the OTS Scheme, even if it was made with some delay.
The court stated that once the petitioner has deposited the amount and the bank has accepted, it would not be proper for the Bank to say that the petitioner did not comply with the terms and conditions of the two OTS schemes in not making the payment of the second instalment on time.
Bu hikaye The Business Guardian dergisinin August 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin August 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Umbrashield - The Future of Sun Protection with Style and Innovation
In today's world, sun protection has become more than just a necessity-it's a lifestyle choice.
Manipur Lifts Internet Ban After Six Days
On Monday, the Manipur government announced the restoration of internet and mobile data services across several districts in the state, following a review of the current law and order situation.
Banks And Fis To Invest Rs 32.5 Trillion In Renewable Energy By 2030: Centre
Larious eading banks and various financial institutions have committed close to $386 billion (Rs 32.45 trillion) investment in development of renewable energy projects by 2030, Union minister of new and renewable energy (MNRE) Pralhad Joshisaid on Monday.
Ball in BJP's court to hold early polls in Delhi: AAP
The ruling Aam Aadmi Party on Monday said it has put the ball in BJP's court by demanding early elections in Delhi in November, and now it is up to the opposition party to decide whether it was prepared to face CM Arvind Kejriwal.
IndiGo issues apology after Ranchi-Delhi flight cancelled
IndiGo Airlines issued an apology after passengers of a flight from Ranchi to Delhi were held up for two hours inside the aircraft after the filight was delayed due to a technical issue.
Kejriwal holds one on one meeting
AAP convener Arvind Kejriwal on Monday held \"one on one\" meeting with party leaders during the Political Affairs Committee over the name of a new Delhi chief minister.
From Innovator to Influencer: How Rayan Malhotra is Leading India's Fintech Revolution
In the ever-evolving world of startups and innovation, Rayan Malhotra stands as a beacon of entrepreneurial spirit and fintech disruption.
No water supply in parts of south Delhi for 12 hours
Water supply in parts of south Delhi will be stopped for 12 hours on September 18 due to some maintenance work, the Delhi Jal Board said in a statement.
Next generation at Brand Realty Group to focus on land investments
Brand Realty Group headed by IIT Alumunus, Mr.Kamal Manchanda, has been active in Real Estate for over 25 years. Sahil Manchanda, son of Mr. Kamal Manchanda and Varun Pahwa, a close relative of Mr. Kamal Manchanda have recently joined the business.
Major revamp of Delhi's interstate bus terminals underway
All three interstate bus terminals in Delhi are undergoing major makeover after Lieutenant Governor VK Saxena expressed dissatisfaction at the public amenities and infrastructure and instructed for its redressal, Raj Niwas officials said on Monday.
