Disposed¶24
Ocm Movers Pvt. Ltd., Bbsr v. Indusind Bank Ltd,. Bbsr
Orissa HCWP(C)/11395/2024
Case brief
AI extract
What is this about?
Orissa High Court, Cuttack; W.P.(C) No.11395 of 2024; decided 20.05.2024; Dr. Justice S.K. Panigrahi. Borrower (OCM Movers Pvt. Ltd.) vs IndusInd Bank Ltd.; prayer for direction to settle outstanding loan dues under O.T.S. Scheme; petition disposed of with directions: petitioner to submit proposal to bank within two weeks, bank to consider it in accordance with law within two weeks thereafter; no costs or quantum awarded.
What did the court decide?
Direction to the Petitioner to approach the concerned authorities of IndusInd Bank Ltd. within two weeks with a proposal for settlement of outstanding loan dues under the O.T.S. Scheme, and direction to the bank to consider such proposal in accordance with law within two weeks thereafter. ¶24