THE HON'BLE MR JUSTICE V.V.S.RAO WRIT PETITION No.1377 of 2006 Dated:03.02.2006 Between: M/s.KMR Explosives Pvt.Ltd., Kunur village, Bhongir Mandal Nalgonda district rep.by its Managing Director S/o.Samba Reddy 3-43-145, Krishnapur colony, West Marredpally, Secunderabad ..... PETITIONER AND Branch Manager, Asset Recovery Branch, Regional Office Central Bank of India, Bank Street, Koti, Hyderabad, and another. .....RESPONDENTS THE HON'BLE MR JUSTICE V.V.S.RAO WRIT PETITION No.1377 of 2006 ORDER: The petitioner availed a loan of Rs.98,00,000/- from the Central Bank of India, Koti, Hyderabad. The loan became Non Performing Asset. Therefore, the respondents- Bank filed an Original Application, being O.A.No.70 of 2003, before the Debt Recovery Tribunal, Hyderabad, which is still pending. In the meanwhile, it appears, the Reserve Bank of India issued notification, dated 03.09.2005, prescribing One Time Settlement Scheme (OTS) to small and medium enterprise units. So as to avail the facility, the petitioner made a proposal on 25.11.2005. In this writ petition, it seeks a direction to dispose of the said proposal. At the stage of admission itself, the learned Standing Counsel for the Central Bank, Mr. Krishnam Raju, obtained instructions. He submits that the meeting of the Board of Directors of the Central Bank, which was scheduled to be held on 06.02.2006, has now been postponed, and it is likely to be held in the month of March. He also submits that unless and until, the OTS proposal of the petitioner is considered by the Board of Directors, the first respondent cannot commit anything either in favour of the petitioner or against the petitioner’s proposal. In view of this, the petitioner may have to await further orders from the Head Office of the Central Bank. The Writ Petition is accordingly disposed of. No costs. ____________ (V.V.S.RAO, J) 03.02.2006 vs