2021 (12) TMI 1365 - HC - Insolvency and Bankruptcy

Rejection of proposal for a One Time Settlement (OTS) - HELD THAT - The petitioner has not placed on record any policy in terms of which its OTS claim was to be considered by the Bank. At Mr. Chandhiok s request, two weeks time is granted for filing of additional affidavit in this regard. List on 18.01.2022.

Summary

The Delhi High Court, in a case with citation 2021 (12) TMI 1365, conducted proceedings through hybrid mode. An exemption was allowed for the petitioner in CM APPL. 44524/2021. The petitioner challenged the rejection of its One Time Settlement proposal by Indian Bank in W.P.(C) 14108/2021. The court granted two weeks for filing an additional affidavit and listed the case for 18.01.2022.