https://www.taxtmi.com/caselaws?id=328292 Bank classification of an account as NPA under the SARFAESI framework was upheld where default was established and minor discrepancies in dates were treated as immaterial. The bank's reply to the borrower's objections contained reasons for rejecting the representation, and no material showed arbitrary action or non-compliance with statutory requirements warranting writ interference. RBI guidelines were treated as executive instructions rather than enforceable constraints on the action taken in these facts. The availability of remedies within the SARFAESI mechanism also weighed against intervention, and the challenge to the NPA declaration and related notices failed. en-us Mon, 21 Mar 2016 00:00:00 +0530 Wed, 01 Jun 2016 10:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328292 Bank classification of an account as NPA under the SARFAESI framework was upheld where default was established and minor discrepancies in dates were treated as immaterial. The bank's reply to the borrower's objections contained reasons for rejecting the representation, and no material showed arbitrary action or non-compliance with statutory requirements warranting writ interference. RBI guidelines were treated as executive instructions rather than enforceable constraints on the action taken in these facts. The availability of remedies within the SARFAESI mechanism also weighed against intervention, and the challenge to the NPA declaration and related notices failed. Case-Laws Indian Laws Mon, 21 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328292