The Bijnor Urban Cooperative Bank ... vs Meenal Agarwal

The Supreme Court upheld the High Court's decision to direct the Bijnor Urban Cooperative Bank to consider the application for One Time Settlement (OTS) made by Meenal Agarwal, who had a loan categorized as a Non-Performing Asset (NPA). The court emphasized the importance of fair consideration of OTS applications under the SARFAESI Act, particularly when the borrower had been servicing other loans regularly. The appeal by the Bank was dismissed, reinforcing the High Court's mandate for equitable treatment of borrowers.