https://www.taxtmi.com/caselaws?id=185179 A High Court cannot, under Article 226, direct restoration of an industrial unit or re-examination of rehabilitation unless the Financial Corporation's action under Section 29 of the State Financial Corporations Act is illegal, in statutory breach, or so unfair or unreasonable that no reasonable authority would have acted likewise. The Corporation remains a creditor entitled to recover public funds and is not bound to revive every sick concern irrespective of cost. Judicial review does not authorise the High Court to sit in appeal over the Corporation's administrative decision. On the facts, the borrowers showed no real intention to repay, so the High Court's interference was beyond the proper limits of writ jurisdiction. en-us Tue, 02 Mar 1993 00:00:00 +0530 Tue, 02 Aug 2016 18:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185179 A High Court cannot, under Article 226, direct restoration of an industrial unit or re-examination of rehabilitation unless the Financial Corporation's action under Section 29 of the State Financial Corporations Act is illegal, in statutory breach, or so unfair or unreasonable that no reasonable authority would have acted likewise. The Corporation remains a creditor entitled to recover public funds and is not bound to revive every sick concern irrespective of cost. Judicial review does not authorise the High Court to sit in appeal over the Corporation's administrative decision. On the facts, the borrowers showed no real intention to repay, so the High Court's interference was beyond the proper limits of writ jurisdiction. Case-Laws Indian Laws Tue, 02 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185179