Case Law Details
Case Name : Tijaria Polypipes Limited Vs Union of India (Rajasthan High Court)
Related Assessment Year :
Courts :
All High Courts Rajasthan High Court
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Tijaria Polypipes Limited Vs Union of India (Rajasthan High Court)
The Rajasthan High Court has intervened in a dispute between Tijaria Polypipes Limited and the Bank of India, staying a recent directive for the company to deposit an additional ₹7 crores for its One Time Settlement (OTS) proposal. The Court has, however, ordered the Bank of India to strictly adhere to the Reserve Bank of India’s (RBI) circular dated June 8, 2023, concerning OTS proposals.
Tijaria Polypipes Limited, whose bank account has been declared a Non-Performing Asset (NPA), claims it has already deposited a tota...
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The said Order has already been vacated by HC