https://www.taxtmi.com/caselaws?id=296555 The Court allowed the petitioner to reschedule the repayment of the second installment of the One Time Settlement (OTS) agreement due to challenges posed by the Covid-19 lockdown. Despite the Bank's initial rejection, citing RBI Circulars and the pandemic's impact, the Court intervened to prevent coercive actions against the petitioner. The Court granted an extension for payment, emphasizing the need to consider the exceptional circumstances of the pandemic and ensuring compliance with the revised repayment schedule to avoid coercive measures by the Bank. en-us Tue, 23 Jun 2020 00:00:00 +0530 Wed, 28 Jul 2021 08:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296555 The Court allowed the petitioner to reschedule the repayment of the second installment of the One Time Settlement (OTS) agreement due to challenges posed by the Covid-19 lockdown. Despite the Bank's initial rejection, citing RBI Circulars and the pandemic's impact, the Court intervened to prevent coercive actions against the petitioner. The Court granted an extension for payment, emphasizing the need to consider the exceptional circumstances of the pandemic and ensuring compliance with the revised repayment schedule to avoid coercive measures by the Bank. Case-Laws Indian Laws Tue, 23 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296555