LAWS(DLH)-2024-7-35

AMBIENCE PRIVATE LIMITED Vs. PUNJAB AND SIND BANK

Decided On July 03, 2024
Ambience Private Limited Appellant
V/S
PUNJAB AND SIND BANK Respondents

JUDGEMENT

(1.) The present petition has been filed seeking to set aside the letter dtd. 1/8/2023 issued by the Punjab and Sind Bank ('respondent-bank') vide Email dtd. 2/8/2023, by which the One Time Settlement ('OTS') Scheme entered between the parties, was recalled/withdrawn by the respondent-bank.

(2.) Facts in brief are as follows:

(3.) On behalf of the petitioners, though in the pleadings, various issues have been raised, however, at the time of arguments, the following submissions have been made: