2020 (7) TMI 774

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.... Advocate ORDER A. Rajasekhar Reddy, J. 1. This Writ Petition is filed seeking writ of mandamus declaring the action of the respondent Bank in not considering the representations of the petitioner dated 09.05.2020 and 01.06.2020 requesting to extend the time for an additional period of 90 days for the payment of OTS amount sanctioned on 30.09.2019 for the loan account numbers 31230130888 ....

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....t of the petitioner, present writ petition is filed. 4. On the other hand, learned Standing Counsel for the respondent Bank submits that because of the Covid-19, the time for payment of amount under OTS was extended to all the borrowers till 30.06.2020, as such, there cannot be any further extension. He further submits that the petitioner has not paid any amount to show his bona fides during th....

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....me. Learned Standing Counsel could not dispute the situation due to Covid-19 prevailing in the country. 6. In view of above extraordinary circumstances, we are of the opinion that the petitioner can be granted time for payment entire due under OTS till the end of August, 2020. In view of above facts and circumstances, in order to show his bona fides, petitioner is permitted to pay 25% of the ou....