https://www.taxtmi.com/caselaws?id=106670 The RBI one-time settlement guidelines for non-performing asset cases applied only to matters still pending before courts, DRTs or BIFR and required a consent decree. Because an ex parte decree had already been passed, the suit was no longer treated as pending unless that decree was first set aside. A pending application to set aside the decree did not, by itself, bring the matter within the scheme. The court therefore held the guidelines inapplicable and rejected the request for consideration under the settlement scheme. en-us Tue, 26 Feb 2002 00:00:00 +0530 Thu, 15 Mar 2012 11:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106670 The RBI one-time settlement guidelines for non-performing asset cases applied only to matters still pending before courts, DRTs or BIFR and required a consent decree. Because an ex parte decree had already been passed, the suit was no longer treated as pending unless that decree was first set aside. A pending application to set aside the decree did not, by itself, bring the matter within the scheme. The court therefore held the guidelines inapplicable and rejected the request for consideration under the settlement scheme. Case-Laws Companies Law Tue, 26 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106670