https://www.taxtmi.com/caselaws?id=110827 A bank's write-off of non-performing assets against reserves was treated as an internal accounting adjustment to clean up the balance sheet, not as an extinguishment of the underlying debt. The bank's right to recover dues from borrowers remained intact, and any recoveries could still be pursued through legal proceedings. The Reserve Bank's approval was not shown to be illegal, arbitrary, mala fide, or contrary to the Banking Regulation Act, and the supervisory provisions relied on had no bearing on the challenge. Writ interference was therefore unavailable, as no specific statutory breach was established. en-us Thu, 11 May 2006 00:00:00 +0530 Mon, 15 Oct 2018 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110827 A bank's write-off of non-performing assets against reserves was treated as an internal accounting adjustment to clean up the balance sheet, not as an extinguishment of the underlying debt. The bank's right to recover dues from borrowers remained intact, and any recoveries could still be pursued through legal proceedings. The Reserve Bank's approval was not shown to be illegal, arbitrary, mala fide, or contrary to the Banking Regulation Act, and the supervisory provisions relied on had no bearing on the challenge. Writ interference was therefore unavailable, as no specific statutory breach was established. Case-Laws Companies Law Thu, 11 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110827