Disposed
M/S. Samsung Overseas Pvt. Ltd. v. M/S. Oriental Bank of Commerce & Ors.
Delhi HCW.P.(C)/5747/2020
Case brief
AI extract
What is this about?
The High Court of Delhi directed the petitioner to deposit specific sums directed in a previous order and submit an Outsourcing of Recovery Services (OTS) proposal for the respondent bank to process the outstanding dues.
What did the court decide?
Petitioner to deposit Rs. 2 crores within two days, balance Rs. 3 crores as per order of 28.08.2020. File OTS proposal. Bank to adjust amounts towards dues.