Banks cannot be directed to grant benefit of Onetime Settlement Scheme under Article 226: SC

State Bank of India Vs Arvindra Electronics Pvt. Ltd (Supreme Court of India) Conclusion: Supreme Court held that no borrower can, as a matter of right pray for a grant for the benefit of one­time settlement scheme and writ of mandamus cannot be issued by the High Court in exercise of Article 226 of the Constitution of India, directing the financial institution/bank to positively grant a benefit of OTS to a borrower. Facts: In the said case, the appellant feeling aggrieved and dissatisfied with the impugned judgment and order dated 10.03.2022 passed by the High Court of Punjab and Haryana at ...