Supreme Court · 2022 INSC 1168 · Decided 4 November 2022
State Bank of India v. Arvindra Electronics PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1168 · [2022] 13 S.C.R. 1073
- Case number
- CIVIL APPEAL No. 6954/2022
- Decided
- 4 November 2022
- Bench
- M.R. SHAH, KRISHNA MURARI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Contract Act Section 62
Headnote
Bank/Banking: One Time Settlement Scheme (OTS) - No borrower can, as a matter of right pray for a grant for the benefit of one time settlement scheme - No writ of mandamus can be issued by the High Court in exercise of Art.226 of the Constitution of India, directing the grant a benefit of OTS to a borrower - The grant of benefit of OTS Scheme is subject to the eligibility criteria and the guidelines issued from time to time - In the instant case, State Bank of India sanctioned a cash credit in favour of the borrower which was classified as NPA
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)