https://www.taxtmi.com/caselaws?id=196258 A writ petition under Article 226 was held maintainable against a private scheduled bank acting under the SARFAESI framework, because the decisive test is whether the body is performing a statutory public duty rather than its private character. The Court also accepted equitable relief on the facts where the petitioners had acted under an approved one-time settlement, had made part payment, and showed bona fide readiness to pay the balance; the delay in compliance was condoned, and implementation of the settlement was directed subject to payment within the time fixed. en-us Fri, 14 Sep 2012 00:00:00 +0530 Fri, 09 Feb 2018 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196258 A writ petition under Article 226 was held maintainable against a private scheduled bank acting under the SARFAESI framework, because the decisive test is whether the body is performing a statutory public duty rather than its private character. The Court also accepted equitable relief on the facts where the petitioners had acted under an approved one-time settlement, had made part payment, and showed bona fide readiness to pay the balance; the delay in compliance was condoned, and implementation of the settlement was directed subject to payment within the time fixed. Case-Laws Indian Laws Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196258