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2020 (6) TMI 759 - HC - Indian LawsRepayment of loan by way of cash credit and term loan from the respondent-Bank - certain default in repayment - non-payment of second instalment of OTS - lockdown due to Covid-19 - HELD THAT:- Since the petitioner is willing to pay the second installment of ₹ 50,88,751/- by 25th June, 2020 as already committed in his e-mail dated 08.05.2020, the Bank may consider allowing the petitioner to deposit the second installment and the third installment as well. Even though none is present on behalf of the respondent-Bank, in the interim, this Court deems it fit that in the light of the Covid-19 pandemic, if the petitioner makes the second installment of ₹ 50,88,751/- by 25th June, 2020 as proposed in his e-mail dated 08.05.2020, the respondent-Bank will not resort to any coercive action against the petitioner. List accordingly on 28.07.2020 on which date the petitioner will submit the necessary documents as proof of payment of the second installment.
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