2.4. Eventually, BOB, Johannesburg and ADPL along with its group companies entered into a Settlement Agreement dated 7th July, 2020, under the laws of South Africa and agreed to set timelines for making good on the outstanding liabilities. As per the terms of the Settlement Agreement, BOB, Johannesburg agreed to withdraw the liquidation proceedings against ADPL in order to enable them to make the loan repayments. However, BOB Johannesburg did not honour the settlement terms by withdrawing the liquidation proceedings initiated by them. Nevertheless, ADPL never denied or refused to repay the outstanding loans and continued to engage in discussions with BOB to amicably settle the loan. Till date, about 1.35 Million S.A. RAND has been paid to BOB under the Settlement Agreement. 2.5. Pertinently, as a surety of the said loan, no claim has been raised against the Petitioner by BOB either in India or South Africa. However, since the loan amount continues to be outstanding, the Petitioner has reasonable apprehension that there may be an LOC issued against him at the behest of BOB. This apprehension was confirmed as an LOC dated 26th September, 2019 has been opened against the Petitioner by Respondent No. 4 – Bureau of Immigration, at the behest of BOB.
