OTS Benefit Can't Be Denied After Accepting Delayed Installment: Kerala High Court Asks SBI To Release Title Deeds

The Kerala High Court ruled that a bank cannot deny the benefit of a One-Time Settlement (OTS) scheme to a borrower after accepting a delayed second installment. The court emphasized that once the bank has accepted payments under the scheme, it is bound by the terms, even if there is a delay. This decision protects borrowers from being unfairly penalized for minor delays in payment and ensures that banks adhere to the terms of settlement agreements in good faith.