Pandiyammal v. The Authorized Officer
Case brief
What is this about?
The High Court disposed of a writ petition challenging a commission order in a home finance case. The court directed the petitioner to pay Rs.2,50,000 within four weeks, submit an OTC proposal for the respondent to consider under RBI norms, and stayed coercive steps temporarily.
What did the court decide?
Petitioner directed to pay Rs.2,50,000 within four weeks and submit OTC proposal to respondent for consideration without coercive steps in the meantime.