Court can extend timelines of One Time Settlement with bank

Md. Afroz Baig Vs State Bank of India (Telangana High Court)

Telangana High Court held that the court can extend the timelines of One Time Settlement Scheme (OTS) on examination of the facts therein and also satisfying the reasons mentioned therein by the loanee.

Facts-

The respondent bank issued special circular dated 12.10.2020 offering SBI OTS 2020 scheme. Accordingly, the petitioner submitted an application and the bank accepted the same. However, after making s

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