The Supreme Court of India, in a significant ruling on banking law, has held that a borrower’s failure to deposit the mandatory upfront amount with their application for a One-Time Settlement (OTS) scheme renders the application incomplete and ineligible for processing. A bench comprising Justices Dipankar Datta and Augustine George Masih set aside a judgment
Borrower’s Failure to Pay Upfront Amount Under OTS Scheme Renders Application Ineligible: Supreme Court
