https://www.taxtmi.com/caselaws?id=198316 One time settlement guidelines did not create an enforceable right because they were not shown to have been issued by the Reserve Bank under statutory authority, but only through its Chief General Manager. In the absence of a statutory duty, the guidelines had no statutory flavour and could not be enforced by writ of mandamus in banking recovery matters. Courts will not compel implementation of non-statutory instructions or substitute their view for that of the banking regulator. The appellate tribunal's direction was therefore unsustainable and was set aside. en-us Wed, 21 Nov 2007 00:00:00 +0530 Mon, 29 Jan 2018 12:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198316 One time settlement guidelines did not create an enforceable right because they were not shown to have been issued by the Reserve Bank under statutory authority, but only through its Chief General Manager. In the absence of a statutory duty, the guidelines had no statutory flavour and could not be enforced by writ of mandamus in banking recovery matters. Courts will not compel implementation of non-statutory instructions or substitute their view for that of the banking regulator. The appellate tribunal's direction was therefore unsustainable and was set aside. Case-Laws Companies Law Wed, 21 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198316