Partly allowed
P.P.Leela v. Authorized Officer
Kerala HCWP(C)/29515/2013
Case brief
AI extract
What is this about?
The petitioner withdrew contentions and sought to repay the due amount to the second respondent bank in estimated instalments. The High Court permitted repayment in eight equal monthly instalments starting 01.01.2014, put coercive steps on hold pending compliance, and allowed the petitioner to avail the One Time Settlement scheme.
What did the court decide?
Petitioner permitted to pay due amount in eight equal monthly instalments starting 01.01.2014; coercive steps stayed pending compliance; petitioner allowed to avail One Time Settlement scheme.