https://www.taxtmi.com/caselaws?id=106494 A borrower cannot compel a bank to accept a belated one-time settlement offer under RBI guidelines after the scheme period has expired, especially where parallel proceedings are pending before the DRT. The court noted factual findings of delay, alienation of secured assets, and conduct indicative of wilful default, fraud and malfeasance, which the scheme excluded. It also observed that the offer was materially below the settlement basis contemplated by the guidelines. On those facts, the bank's rejection was not liable to be interfered with and no enforceable right to settlement arose. en-us Thu, 12 Sep 2002 00:00:00 +0530 Wed, 14 Mar 2012 14:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106494 A borrower cannot compel a bank to accept a belated one-time settlement offer under RBI guidelines after the scheme period has expired, especially where parallel proceedings are pending before the DRT. The court noted factual findings of delay, alienation of secured assets, and conduct indicative of wilful default, fraud and malfeasance, which the scheme excluded. It also observed that the offer was materially below the settlement basis contemplated by the guidelines. On those facts, the bank's rejection was not liable to be interfered with and no enforceable right to settlement arose. Case-Laws Companies Law Thu, 12 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106494