The Supreme Court in the case Bank of Maharashtra & Or's v Mohanlal Patidar observed an order given by the High Courts of directing the bank the OTS proposal given by a farmer who had availed a loan from the bank, the court further pulled up the Bank of Maharashtra for challenging the order.
The Bank shall complete remaining formalities and provide all consequential benefits flowing therefrom to the petitioners, the court further stated that it is needless to emphasize. The OTS proposal given by the petitioners in both the cases shall be accepted by the Bank and 'sanction letters' be issued forthwith, the court allowed the petitioner plea.
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