Unable to exit PUT position

I was unable to close my PUT position today

Strike Price: 70 PE
CMP: 80
Total Quantity: 27000

Do I need to settle for physical delivery now?

It is OTM, So there is no delivery obligation.

So what happens? How is it settled then?

The Option will expire worthless, if you were Long you will lose the premium paid, if you were Short you will get to keep whatever premium you received when you took Short position.

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