Gopal Ch.Tripathy v. State Bank of India
Case brief
What is this about?
The Court directed the petitioner to deposit Rs. 35,000 within one month while an application for OTS/Compromise/Rephasing is filed, during which no coercive action shall be taken. Non-compliance permits the bank to proceed against the petitioner.
What did the court decide?
Petitioner directed to deposit Rs. 35,000 within one month while an application for rephasing/compromise is considered; no coercive action pending.