Supreme Court · 2021 INSC 899 · Decided 15 December 2021
The Bijnor Urban Cooperative Bank Limited, Bijnor & Others v. Meenal Agarwal & Others
- Court
- Supreme Court of India
- Citation
- 2021 INSC 899 · [2021] 9 S.C.R. 416
- Case number
- CIVIL APPEAL No. 7411/2021
- Decided
- 15 December 2021
- Bench
- M.R. SHAH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; SARFAESI Act
Headnote
Constitution of India: Art. 226 - Power under - Exercise of - Grant of benefit under the One Time Settlement (OTS) Scheme - On facts, writ petitioner obtained credit facility from the financial loan amount was declared as Non- Performing Asset (NPA) - Writ petition seeking issuance of writ of mandamus directing the Bank to positively grant of benefit under the OTS Scheme to the writ petitioner-borrower - Allowed by the High Court - Sustainability of - Held: Not
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