OTS Scheme is a Non Discretionary one and applicable to one and all: DRAT Alows SBI’s Appeal

The DRAT (Debt Recovery Appellate Tribunal) has ruled that an OTS (One-Time Settlement) scheme is a "non-discretionary one and applicable to one and all," allowing SBI's appeal. This decision emphasizes the universality and binding nature of OTS schemes offered by banks. It implies that if a bank has a publicly available OTS policy, it must be applied uniformly to all eligible borrowers without arbitrary discretion. The ruling supports the fair implementation of debt resolution schemes, promoting transparency and equal opportunity for borrowers to settle their dues.