Writ Jurisdiction Cannot Be Invoked to Claim One-Time Settlement Benefits, Court Reiterates: Kerala High Court
The Kerala High Court has reiterated that borrowers cannot use writ jurisdiction to force banks or financial institutions to extend the benefit of a One Time Settlement (OTS) scheme. A division bench of Justice Anil K Narendran and Justice Muralee Krishna S dismissed a writ appeal filed by borrowers, upholding the decision of a single judge refusing to interfere with recovery proceedings initiated by Vazhoor Farmers Service Co-operative Bank Ltd.…
