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High Court of Jammu and Kashmir · body

2025 DAILYLAW 9232 (JK)

RAMIZ AHMAD GANIE v. THE JAMMU AND KASHMIR BANK LIMITED AND ORS.

WP(C)/2725/2023 · 2025-03-05

Atul Sreedharan, Puneet Gupta

Writ Petition (Civil)body2025

Judgment text

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Serial No. 44 Supplementary Cause List IN THE HIGH COURT OF JAMMU & KASHMIR AND LADAKH AT SRINAGAR WP(C) 2725/2023 CM 5288/2024 Ramiz Ahmad Ganie … Petitioner/Appellant(s) Through: Mr. Tawheed Ahmad Advocate Vs. The Jammu and Kashmir Bank Limited and Ors. ...Respondent(s) Through: Ms. Taniya, Advocate CORAM: HON’BLE MR. JUSTICE ATUL SREEDHARAN, JUDGE HON’BLE MR. JUSTICE PUNEET GUPTA, JUDGE ORDER 05.03.2025 Learned counsel for the petitioner states at bar that, upon instructions received from the client and believed to be true, the petitioner is willing to adhere to the One Time Settlement (OTS) dated 30.01.2025 and adhered to the time limit given in the said One Time Settlement (OTS) and also accepts its terms and conditions. Statement of learned counsel for the petitioner is taken on record. The writ petition is disposed of with a direction to the petitioner to deposit the amount due to the bank as per the aforesaid One Time Settlement (OTS). In the event of non-compliance or failure to deposit the payment as stipulated in the OTS, the bank shall be at liberty to take coercive measures as per law. Furthermore, if the petitioner fails to adhere to the terms and conditions of the OTS in letter and spirit, the concessions granted under the OTS shall stand withdrawn. Disposed of. (PUNEET GUPTA) (ATUL SREEDHARAN) JUDGE JUDGE SRINAGAR: 05.03.2025 “Mir Arif” Arif Hameed I attest to the accuracy and authenticity of this document 06.03.2025