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2022 DIGILAW 908 (SC)

State Bank of India v. Arvindra Electronics Private Limited

2022-05-20

B.V.NAGARATHNA, M.R.SHAH

body2022
ORDER 1. The question which is posed for consideration of this Court is whether in exercise of powers under Article 226 of the Constitution of India, the High Court can extend the time period mentioned in the One Time Settlement (OTS) when under the OTS, a specific timelimit was fixed and the concession was given and the amount due and payable was reduced substantially. 2. Issue notice, returnable on 12.08.2022. 3. Mr. D.P. Singh, learned counsel, accepts notice on behalf of the respondent-original writ petitioner.