CAPT RAMINDER SINGH WADHWA vs AXIS BANK LIMITED AND ORS

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 21.02.2025 W.P.(C) 6766/2024 CAPT RAMINDER SINGH WADHWA .....Petitioner Through: Lt. Col. P. K. Saran (Retd.), Advocate. versus AXIS BANK LIMITED AND ORS. .....Respondents Through: Mr.Ramesh Singh, Senior Advocate with Mr.Anupam Singh & Ms.Hage Nanya, Advocates for R-1. Mr.Rishi Manchanda, Mr.Siddharth Mullick & Mr.Lakhan, Advocates for R-2 to 5. Mr.Ayush Puri, Mr.Sultan Haider Jafri & Mr.Kanav Madnani, Advocates for R-12. CORAM: HON'BLE MS.JUSTICE REKHA PALLI HON'BLE MS.JUSTICE MANMEET PRITAM SINGH ARORA REKHA PALLI, J (ORAL) CM APPL. 42724/2024 (directions) 1. This is an application filed by the respondent no.2 seeking to deposit the balance sum of Rs.90 lakhs, which was payable to the respondent no.1/ bank in terms of the One Time Settlement (hereinafter “the OTS”) entered 2023. 2. At the outset, we may note the brief factual matrix as is necessary for deciding the present application. 3. The respondent nos. 2 to 5 were in November, 2006 sanctioned a loan of Rs.4.25 crores out of which a sum of Rs.4 crores was released to them on 22.12.2006. The said home loan was sanctioned for buying plot no. A-1/303, Safdarjung En