Supreme Court dismissed Special Leave Petition filed by Shankar Saw Mills Pvt Ltd against State Bank of India.
Court upheld High Court view that it lacks authority to extend time for One Time Settlement between secured creditor and borrower.
The petitioner's request for adjournment was denied, with the court stating it cannot wait for a litigant to arrive.
Delay in filing was condoned, and all pending interlocutory applications were ordered disposed of.