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Kerala High Court: Ombudsman Cannot Mandate One-Time Settlement Without a Valid Scheme; “Neither Courts Nor Quasi-Judicial Authorities Could Compel Financial Institutions to Provide OTS Terms When No Scheme Exists”
Court’s Decision: The Kerala High Court, in its judgment, set aside the order issued by the Kerala Co-operative Ombudsman directing the petitioner, a co-operative bank, to facilitate a One-Time Settlement…
