STATE BANK OF INDIA vs ARVINDRA ELECTRONICS PVT. LTD.

The Supreme Court addressed the appeal by the State Bank of India against the High Court's order granting an extension for the payment under the One Time Settlement (OTS) scheme. The court emphasized the importance of adhering to the timelines set in the OTS agreement, which was crucial for the bank's financial management. Ultimately, the court ruled in favor of the bank, reinforcing the binding nature of the OTS terms and the necessity for timely compliance by the borrower.