JUDGMENT :

1. RULE. Mr. Bhaskar Sharma, learned advocate waives service of rule on behalf of the respondent. With the consent of the learned advocates appearing for the respective parties, the matter is taken up for hearing final hearing.

2. By way of this petition under Articles 226 and 227 of the Constitution of India, the petitioner has prayed for the following reliefs :-

“9(A) Be pleased to issue writ, order or direction to direct the respondent – Banks to implement the terms of the One Time Settlement dated 25.09.2019 at annexed at Annexure-A5 collectively to this petition entered into between the Respondent Bank and the petitioner by extending the time for payment of the amount to be paid under the One Time Settlement on such terms and conditions as this Hon’ble Court may deem fit in the interest of justice.

(B) Be pleased to issue any writ, order or direction to direct the respondent Bank to take all necessary steps for withdrawal of the proceedings under the SARFAESI Act, 2002 against the petitioner or to quash the proceedings under the SARFAESI Act, 2002 against the petitioner in the interest of justice.

(C) Be pleased to stay all further proceedings under the provisions of th