https://www.taxtmi.com/caselaws?id=195675 Article 226 writ jurisdiction does not ordinarily extend to private banks, financial institutions, or securitisation and reconstruction companies acting under the SARFAESI Act merely because their activities are regulated by the RBI or affect the economy. Private banking is treated as a commercial activity, not a sovereign or public function that by itself makes such bodies amenable to writ relief. The SARFAESI Act also provides a complete statutory remedy through an application under Section 17 and an appeal under Section 18, so borrowers, guarantors and other affected persons must ordinarily exhaust those remedies before approaching the HC. Absent special circumstances, writ petitions challenging SARFAESI measures are not maintainable. en-us Fri, 27 Apr 2012 00:00:00 +0530 Tue, 07 Nov 2017 18:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195675 Article 226 writ jurisdiction does not ordinarily extend to private banks, financial institutions, or securitisation and reconstruction companies acting under the SARFAESI Act merely because their activities are regulated by the RBI or affect the economy. Private banking is treated as a commercial activity, not a sovereign or public function that by itself makes such bodies amenable to writ relief. The SARFAESI Act also provides a complete statutory remedy through an application under Section 17 and an appeal under Section 18, so borrowers, guarantors and other affected persons must ordinarily exhaust those remedies before approaching the HC. Absent special circumstances, writ petitions challenging SARFAESI measures are not maintainable. Case-Laws Indian Laws Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195675