2.3 That thereafter the Bank floated another OTS Scheme for
settlement of outstanding payment of Rs.9,48,39,614/- for an
amount of Rs.4,48,79,711/-. However, the borrower did not
opt for the said scheme. That thereafter one another OTS
Scheme was floated by the Bank in the year 2019 and the Bank
made an offer to the borrower to settle the account for an
amount of Rs.4,11,13,953/- against outstanding amount of Rs.
5,98,39,614/-. The borrower again did not opt for the scheme.
Even one another OTS Scheme was floated which was offered to
the borrower and the borrower did not opt for the scheme. Vide
communication dated 24.02.2021 the bank rejected the OTS
offer of Rs.2.05 crores as according to the Bank amount due by
the borrower was Rs.23.54 crores. By the impugned judgment
and order the High Court has set aside the communication
dated 24.02.2021 rejecting the OTS offer of Rs.2.05 crores
made by the borrower and has granted further six weeks’ time
from the impugned judgment and order passed by the High
Court to the borrower to make the payment of Rs.2.02 crores
4