The Supreme Court has ruled that a bank’s one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.Illustration: Uttam GhoshA Bench of Justices Dipankar Datta and A G Masih set aside an Andhra Pradesh high court order that had directed the State Bank of India (SBI) to reconsider a borrower’s OTS application despite t ...