https://www.taxtmi.com/caselaws?id=428701 The court granted the petitioners' request for an extension of time to complete the One Time Settlement (OTS) payments due to financial difficulties exacerbated by the COVID-19 pandemic. The court extended the OTS period to 31.03.2021, subject to interest for the delay, emphasizing the need for flexibility and equitable relief in enforcing financial agreements during extraordinary circumstances. The decision aimed to balance the interests of both parties, allowing the petitioners to meet their obligations while compensating the bank for the delay. en-us Tue, 26 Apr 2022 00:00:00 +0530 Sat, 08 Oct 2022 13:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428701 The court granted the petitioners' request for an extension of time to complete the One Time Settlement (OTS) payments due to financial difficulties exacerbated by the COVID-19 pandemic. The court extended the OTS period to 31.03.2021, subject to interest for the delay, emphasizing the need for flexibility and equitable relief in enforcing financial agreements during extraordinary circumstances. The decision aimed to balance the interests of both parties, allowing the petitioners to meet their obligations while compensating the bank for the delay. Case-Laws Indian Laws Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428701