https://www.taxtmi.com/caselaws?id=428629 The court allowed the writ petition, setting aside the letters issued by the respondent bank canceling the OTS scheme due to minimal delay in payment by the petitioner. The bank was directed to accept the payment from the petitioner and close the loan account, granting a ten-day extension for payment due to the COVID-19 pandemic's impact on the petitioner's real estate business. The court's decision was based on the petitioner's efforts to comply with the OTS terms and the extraordinary circumstances, emphasizing the minimal delay as justified. en-us Mon, 19 Sep 2022 00:00:00 +0530 Fri, 07 Oct 2022 13:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428629 The court allowed the writ petition, setting aside the letters issued by the respondent bank canceling the OTS scheme due to minimal delay in payment by the petitioner. The bank was directed to accept the payment from the petitioner and close the loan account, granting a ten-day extension for payment due to the COVID-19 pandemic's impact on the petitioner's real estate business. The court's decision was based on the petitioner's efforts to comply with the OTS terms and the extraordinary circumstances, emphasizing the minimal delay as justified. Case-Laws Indian Laws Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428629