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Dr C Suresh (CHAIRMAN)     12 January 2021

Settlement offer to bank

Whether a written settlement offer made to bank in a loan default case,  is not rejected or accepted can it be considered as deemed acceptance.

Any case laws please


 1 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     12 January 2021


Written settlement offer made to the bank regarding default of loan has to be specifically accepted. There is no deemed acceptance. Moreover in usual practice bank offers settlement to customers.


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