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,

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