Can HC Issue Writ of Mandamus Directing Banks to Consider One Time Settlements of Loan? Answers Supreme Court

On Wednesday, the Supreme Court ruled that a High Court can’t issue a writ of Mandamus in the exercise of powers under Article 226 of the Constitution directing a bank or a financial institution to positively grant the benefit of the doubt of a One Time Settlement (OTS) to a borrower. According to a Bench

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