https://www.taxtmi.com/caselaws?id=275775 The court dismissed the petition seeking to quash a recovery certificate issued by U.P. Financial Corporation, citing the petitioner's default on loan repayments. It declined to direct the preparation of a rehabilitation package, noting the petitioner's failure to comply with terms. Allegations of delay in loan disbursement were dismissed due to the petitioner's non-compliance. The court held that administrative guidelines cited by the petitioner were not legally enforceable. No evidence of malafide actions by the Corporation was found. Disputes over interest charges were rejected, and the court emphasized that entitlement to settlements or rehabilitation is at the discretion of the financial institution, not a legal right enforceable in court. en-us Fri, 12 Mar 2004 00:00:00 +0530 Tue, 16 Oct 2018 16:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275775 The court dismissed the petition seeking to quash a recovery certificate issued by U.P. Financial Corporation, citing the petitioner's default on loan repayments. It declined to direct the preparation of a rehabilitation package, noting the petitioner's failure to comply with terms. Allegations of delay in loan disbursement were dismissed due to the petitioner's non-compliance. The court held that administrative guidelines cited by the petitioner were not legally enforceable. No evidence of malafide actions by the Corporation was found. Disputes over interest charges were rejected, and the court emphasized that entitlement to settlements or rehabilitation is at the discretion of the financial institution, not a legal right enforceable in court. Case-Laws Indian Laws Fri, 12 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275775