https://www.taxtmi.com/caselaws?id=278038 In disputes arising purely from contractual loan liability, a writ court will not compel a bank to accept a one-time settlement offer or interfere with recovery proceedings unless a statutory duty or legal violation is shown. The bank's decision on settlement is a commercial decision, and an expired time-bound OTS arrangement cannot be revived through Article 226 in the absence of an error apparent on the record or breach of law. Relief by mandamus was therefore unavailable, and the petitioners were not entitled to enforcement of the revised settlement offer. en-us Thu, 17 Nov 2005 00:00:00 +0530 Sat, 05 Jan 2019 18:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278038 In disputes arising purely from contractual loan liability, a writ court will not compel a bank to accept a one-time settlement offer or interfere with recovery proceedings unless a statutory duty or legal violation is shown. The bank's decision on settlement is a commercial decision, and an expired time-bound OTS arrangement cannot be revived through Article 226 in the absence of an error apparent on the record or breach of law. Relief by mandamus was therefore unavailable, and the petitioners were not entitled to enforcement of the revised settlement offer. Case-Laws Indian Laws Thu, 17 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278038