https://www.taxtmi.com/caselaws?id=770654 Writ jurisdiction does not ordinarily compel a bank to extend time or alter the terms of a One Time Settlement once the borrower has failed to remit the amount within the period fixed by the bank. Where overdraft facilities have already been renewed, no further direction for renewal survives. A possession notice under the SARFAESI framework is not liable to be quashed merely because it is said to impede remedies, since the borrower may still approach the Debts Recovery Tribunal by way of securitisation application. The writ petition disclosed no ground for interference, leaving the parties to pursue available statutory remedies. en-us Wed, 02 Apr 2025 00:00:00 +0530 Thu, 15 May 2025 07:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770654 Writ jurisdiction does not ordinarily compel a bank to extend time or alter the terms of a One Time Settlement once the borrower has failed to remit the amount within the period fixed by the bank. Where overdraft facilities have already been renewed, no further direction for renewal survives. A possession notice under the SARFAESI framework is not liable to be quashed merely because it is said to impede remedies, since the borrower may still approach the Debts Recovery Tribunal by way of securitisation application. The writ petition disclosed no ground for interference, leaving the parties to pursue available statutory remedies. Case-Laws Indian Laws Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770654