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2025 DAILYLAW 9626 (JK)

SAMEER AHMAD NATH v. JAMMU AND KASHMIR BANK LTD TH CHAIRMAN AND ORS

WP(C)/2989/2024 · 2025-08-27

Shahzad Azeem, Sindhu Sharma

Writ Petition (Civil)body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

S. No. 20 Regular Cause List IN THE HIGH COURT 0F JAMMU & KASHMIR AND LADAKH AT SRINAGAR WP(C) 2989/2024 SAMEER AHMAD NATH …Appellant(s)/Petitioner(s) Through: Mr. Danish Majid, Advocate Vs. JAMMU AND KASHMIR BANK LTD TH CHAIRMAN AND ORS ...Respondent(s) Through: Mr. Iman Abdul Muizz, Advocate CORAM: HON’BLE MRS. JUSTICE SINDHU SHARMA, JUDGE HON’BLE MR. JUSTICE SHAHZAD AZEEM, JUDGE ORDER 27.08.2025 Petitioner sought a direction in this petition to the respondents to consider his One Time Settlement proposal dated 02.12.2024, in accordance with the Bank’s own One Time Settlement (OTS) Policy dated 22.04.2020. Mr. Danish Majid, learned appearing counsel for the petitioner submits that respondents vide One Time Settlement for non-performing assets had found the petitioner eligible for settlement under the Scheme in the terms settled therein. Petitioner submits that he has deposited the upfront amount and the Scheme is in currency till 01st of September, 2025. This has also accepted by the counsel for the Bank. In view of the aforesaid, nothing survives for further adjudication in view of the settlement arrived between the parties. This petition is accordingly disposed of. (SHAHZAD AZEEM) (SINDHU SHARMA) JUDGE JUDGE SRINAGAR 27.08.2025 “Imtiyaz” Imtiyaz Ul Gani I attest to the accuracy and authenticity of this document 28.08.2025 09:34