This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No Upfront Payment, No OTS –SC Favors SBI in ₹7 Cr Recovery Dispute
Case Law Details
- Case Name
- Assistant General Manager State Bank of India & Anr. Vs Tanya Energy Enterprises (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Assistant General Manager State Bank of India & Anr. Vs Tanya Energy Enterprises (Supreme Court of India)
No Upfront Payment, No OTS – Apex Court Favors SBI in ₹7 Cr Recovery Dispute- Borrower’s OTS 2020 Application Invalid Without 5% Upfront Deposit; SBI Appeal Allowed, HC Orders Set Aside
The Supreme Court has held that an application under SBI’s One Time Settlement (OTS) 2020 Scheme is invalid if not accompanied by the mandatory 5% upfront payment of the settlement amount. The Court set aside the orders of the Andhra Pradesh High Court which had directed SBI to reconsider the b...
Author Info
