Supreme Court Directs Bank To Reconsider Its Decision Declaring Borrowers Wilful Defaulters After OTS

The Supreme Court recently directed a bank to reconsider its decision to declare the petitioners (borrowers) as wilful defaulters as the bank later entered into a One Time Settlement (OTS) with the borrowers. The court also granted liberty to borrowers to avail legal remedies if the bank’s decision is unfavourable to them. In the instant

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