J U D G M E N T

Petitioner availed credit facilities from the second respondent bank. On default being committed proceedings have been initiated against the petitioner for recovery of the amounts due from him, prompting the petitioner to approach this Court seeking the following reliefs:

(i) Issue a writ or order in the nature of mandamus or direction directing the 2^nd respondent to rework the balance outstanding as per the norms prescribed by the Reserve Bank of India and 1^st respondent and allow the petitioner to close the loan account after reworking of interest as per norms.

(ii) To issue a writ in the nature of mandamus or other appropriate writ or direction commanding the 2^nd respondent to consider and take appropriate decision on the proposal for One Time Settlement after giving petitioner an opportunity to hear on the proposal.

(iii) To issue a direction to the 2^nd respondent to allow petitioner to repay the loan amount in installments after reworking of interest as per norms.

(iv) To dispense with filing of the translation of vernacular documents. And (v) To issue such other order or direction which this Hon’ble Court would deem just and proper in the facts and circumstances o