https://www.taxtmi.com/caselaws?id=296557 Writ courts may, in deserving cases, extend the time fixed under a one-time settlement where the borrower has made substantial payment and any delay can be compensated by interest. On the facts noted, the petitioners were treated as bona fide because they had paid part of the settled amount, continued deposits during proceedings, and faced financial difficulty linked to delayed reimbursement and the COVID-19 situation; extension of time with interest was therefore considered justified. The document also explains that a moratorium under insolvency law does not bar proceedings seeking time to pay into the creditor's coffers, as such relief is not adversarial and does not defeat the object of insolvency protection. en-us Tue, 22 Sep 2020 00:00:00 +0530 Wed, 28 Jul 2021 08:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296557 Writ courts may, in deserving cases, extend the time fixed under a one-time settlement where the borrower has made substantial payment and any delay can be compensated by interest. On the facts noted, the petitioners were treated as bona fide because they had paid part of the settled amount, continued deposits during proceedings, and faced financial difficulty linked to delayed reimbursement and the COVID-19 situation; extension of time with interest was therefore considered justified. The document also explains that a moratorium under insolvency law does not bar proceedings seeking time to pay into the creditor's coffers, as such relief is not adversarial and does not defeat the object of insolvency protection. Case-Laws Indian Laws Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296557