https://www.taxtmi.com/caselaws?id=403764 A concluded one-time settlement was treated as crystallised on the bank's acceptance letter dated 19 August 2019; later correspondence only reopened discussions and did not create a fresh consensus. The Covid-19 moratorium circulars were held inapplicable because they were intended for viable standard accounts, whereas the borrower's account had already become a non-performing asset and the earlier settlement had failed for non-payment. A failed settlement could not be revived by invoking the moratorium framework or justify further time for payment. The writ petition therefore failed, as no enforceable basis existed to extend the settlement period. en-us Thu, 28 Jan 2021 00:00:00 +0530 Mon, 08 Feb 2021 14:08:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403764 A concluded one-time settlement was treated as crystallised on the bank's acceptance letter dated 19 August 2019; later correspondence only reopened discussions and did not create a fresh consensus. The Covid-19 moratorium circulars were held inapplicable because they were intended for viable standard accounts, whereas the borrower's account had already become a non-performing asset and the earlier settlement had failed for non-payment. A failed settlement could not be revived by invoking the moratorium framework or justify further time for payment. The writ petition therefore failed, as no enforceable basis existed to extend the settlement period. Case-Laws Companies Law Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403764