Petitioner, a Private Limited Company, has filed this writ application for a mandamus directing the respondent State Bank of India and its authorities to accept its proposal for one time settlement of its term loan and cash credit accounts in terms of SBI OTS SME 2010 Scheme. Its further prayer is for a direction to the respondents to return all the securities against the said term loan and cash credit accounts, including title documents of immovable assets and other documents lying pledged, along with no dues certificate after receiving payment of the settlement amount under the Scheme.

2. Petitioner was registered as a Private Limited Company with the Registrar of the Companies in the year 1999-2000. The Company was intended to manufacture and produce Zinc Sulphate through its manufacturing unit. It had a Board of Directors consisting of three Directors. It had another sister concern in the name of M/s Ram Ganga Chemicals Private Limited which was run by the Directors from before and it had financial relation with the respondent-Bank. Hence, the petitioner-Company also approached the respondent-Bank for financial assistance. A detailed project report was prepared with an es