https://www.taxtmi.com/caselaws?id=171469 The Supreme Court found the writ petition filed by the respondents before the Delhi High Court to be not maintainable as they did not appeal the decree from the Debt Recovery Tribunal. The Court ruled that the RBI guidelines for NPAs did not apply to the case and that the High Court erred in issuing a writ of mandamus. Additionally, the High Court's order to stay recovery proceedings and cancel the recovery certificate was deemed illegal as the DRT's decree had finality. The Supreme Court allowed the appeal, overturned the High Court's decision, and awarded costs to the appellant bank. en-us Tue, 08 Jan 2008 00:00:00 +0530 Sat, 07 Nov 2015 21:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171469 The Supreme Court found the writ petition filed by the respondents before the Delhi High Court to be not maintainable as they did not appeal the decree from the Debt Recovery Tribunal. The Court ruled that the RBI guidelines for NPAs did not apply to the case and that the High Court erred in issuing a writ of mandamus. Additionally, the High Court's order to stay recovery proceedings and cancel the recovery certificate was deemed illegal as the DRT's decree had finality. The Supreme Court allowed the appeal, overturned the High Court's decision, and awarded costs to the appellant bank. Case-Laws Indian Laws Tue, 08 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171469