my client obtained loan from a co operative bank .bank file case in 2003 in co operative court. case is still pending . meanwhile we send letter to that co operative bank and told that we are willing to close this matter with in the rbi ots guidlines.bank did not reply so we send 5 percent of npa amount before ots closing date of this year( which is given by state government) . now ots closing date is over and bank is not ready for rbi guidlines. but they have done ots for other peoples ( means they accepted ots policy).
now what to do ?
can court direct for ots? or what step should be take .can we file criminal case.
please see supremecourt case M/S Sardar Associates & Ors. vs Punjab & Sind Bank & Ors. on 31 July, 2009