Borrowers Violating OTS Scheme Terms Cannot Compel Bank To Fulfill Obligations: Kerala High Court

In a significant judgment, the Kerala High Court dealt with a matter involving the rejection of One-Time Settlement (OTS) benefits by the State Bank of India (SBI) due to borrowers' failure to comply with the agreed terms. The court examined the responsibility of borrowers under such settlement schemes, emphasizing the role of public money and fiduciary duties in such cases. The Borrowers’ Failure to Adhere to OTS Terms: The case…