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Increasing the quantified OTS amount, without justifying the same, is against the doctrine of Legitimate Expectation
Case Law Details
- Case Name
- Mohanlal Patidar Vs Bank of Maharashtra (Madhya Pradesh High Court, Jabalpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madhya Pradesh HC
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Mohanlal Patidar Vs Bank of Maharashtra (Madhya Pradesh High Court, Jabalpur)
Facts- The Petitioner had borrowed a loan from the Respondent and intended to repay it in terms of One Time Settlement (OTS). The Bank communicated to the Petitioner that as per the settlement formula given in the scheme, the OTS amount was quantified to be Rs. 36,50,000/-. The Petitioner, in furtherance thereof, deposited Rs.35,00,000/- with the Bank.
However, in its correspondence later, the Bank informed the Petitioner that his proposal was put up before the competent authority, which sanctioned t...
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