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    <title>2008 (1) TMI 867 - Supreme Court</title>
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    <description>A writ of mandamus cannot compel a bank to declare a borrower&#039;s account as an NPA from an earlier date or to extend RBI compromise guidelines where the account was not shown to satisfy the relevant eligibility criteria and the guidelines had no statutory force. Mandamus lies only to enforce a legal right supported by a corresponding statutory duty, which was absent here. An independent writ petition also cannot be used to stay execution proceedings or cancel a recovery certificate after the underlying debt recovery decree has attained finality. The impugned writ relief was therefore held unsustainable.</description>
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    <pubDate>Tue, 08 Jan 2008 00:00:00 +0530</pubDate>
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      <title>2008 (1) TMI 867 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=171469</link>
      <description>A writ of mandamus cannot compel a bank to declare a borrower&#039;s account as an NPA from an earlier date or to extend RBI compromise guidelines where the account was not shown to satisfy the relevant eligibility criteria and the guidelines had no statutory force. Mandamus lies only to enforce a legal right supported by a corresponding statutory duty, which was absent here. An independent writ petition also cannot be used to stay execution proceedings or cancel a recovery certificate after the underlying debt recovery decree has attained finality. The impugned writ relief was therefore held unsustainable.</description>
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