One Time Settlement Of Ex Director

Hello Ashish, Yes there is a RBI guideline regarding OTS can not be claimed for Loans availed of or guaranteed by Directors or by close relatives of Directors or by firms / companies / institutions in which the Directors are interested or by ex-Directors of respective Urban Co-operative Banks. If the bank is not ready to settle the matter, you can file a PIL in the Highcourt regarding the same. i.e., regarding RBI guideline which adversely affects many loyal customers and businessmen. before doing so kindly gather all the necessary information and all the relevant stuffs and then go ahead with the PIL. Lokesh Hegde

Your problem will be solved only by OTS Committee of the Bank.

Dear Sir, Entire background is to be studied moreover you may fight on the point of limitation as loan is to be recovered within three of its dues.