https://www.taxtmi.com/caselaws?id=103828 The court dismissed the writ petition seeking to quash an inter-departmental communication and compel the bank to accept a compromise amount. The petitioners' proposal was rejected by the bank, leading to legal action for loan defaults. The court held that the communication was not challengeable, upholding the bank's right to reject the offer and proceed with recovery. The petition was found not maintainable, and the court ruled in favor of the bank, allowing them to pursue legal avenues for debt recovery. en-us Thu, 06 Feb 1997 00:00:00 +0530 Fri, 24 Feb 2012 17:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103828 The court dismissed the writ petition seeking to quash an inter-departmental communication and compel the bank to accept a compromise amount. The petitioners' proposal was rejected by the bank, leading to legal action for loan defaults. The court held that the communication was not challengeable, upholding the bank's right to reject the offer and proceed with recovery. The petition was found not maintainable, and the court ruled in favor of the bank, allowing them to pursue legal avenues for debt recovery. Case-Laws Companies Law Thu, 06 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103828