https://www.taxtmi.com/caselaws?id=457244 Delhi HC ruled in favor of petitioner-company in OTS scheme compliance dispute with SBI. Despite final payment cheque being deposited on scheme's last date (23rd July 2021) but credited on 27th July 2021, court held SBI unconditionally accepted payment without protest and credited it. SBI's subsequent refusal to issue no-dues certificate was deemed an after-thought lacking reasonable explanation for delayed response. Court emphasized banks must act fairly and reasonably, finding petitioner complied with sanction letter terms. Petition allowed. en-us Fri, 22 Jul 2022 00:00:00 +0530 Thu, 12 Sep 2024 20:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457244 Delhi HC ruled in favor of petitioner-company in OTS scheme compliance dispute with SBI. Despite final payment cheque being deposited on scheme's last date (23rd July 2021) but credited on 27th July 2021, court held SBI unconditionally accepted payment without protest and credited it. SBI's subsequent refusal to issue no-dues certificate was deemed an after-thought lacking reasonable explanation for delayed response. Court emphasized banks must act fairly and reasonably, finding petitioner complied with sanction letter terms. Petition allowed. Case-Laws Indian Laws Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457244