A Financial Institution cannot be forced to enter into One-Time Settlement arrangement with the Borrower, through issuance of Writ of Mandamus

The following issues had arisen for adjudication before the Division bench of the Hon’ble Supreme Court of India (SC), comprising of Mr. Justice MR Shah and Ms. Justice BV Nagarathna, in The Bijnor Urban Cooperative Bank Limited, Bijnor & others v. Meenal Agarwal & others: – Whether benefit under the One Time Settlement (OTS) scheme […]