Aban Offshore Limited v. Punjab National Bank
Case brief
What is this about?
Aban Offshore Limited v. Punjab National Bank; W.P.No. 28750 of 2025 and WMP Nos.32203 of 2025; Madras High Court; decision dated 01.08.2025; bench: Dr. Justice Anita Sumanth (author) with Mr. Justice N.Senthilkumar; petitioner's counsel Ms. Hema Srinivasan. Subject matter: one-time settlement (OTS) proposal dated 20.06.2025; writ of Mandamus under Article 226 of the Constitution of India; withdrawal of writ petition with endorsement; liberty to raise issues before the National Company Law Tribunal (NCLT); bank recovery/loan settlement context. Outcome: writ petition and connected miscellaneous petition dismissed as withdrawn; no monetary amount involved; no precedent cases engaged.
What did the court decide?
Liberty to bring to the notice of the NCLT the factum of one-time settlement, if any ¶26-27