https://www.taxtmi.com/caselaws?id=373167 A writ court will not compel banks to accept a borrower's resolution plan, restructure debt, or support a revival proposal where the lenders have already considered and rejected the proposals in their commercial judgment. The Court treated restructuring and rehabilitation decisions as matters within the lenders' discretion under the applicable reserve bank framework, and held that no enforceable legal right existed to demand mandamus for acceptance of the plan or for issuance of continuation guidelines. The requests for directions to devise or back a business continuation strategy were therefore rejected, and judicial interference in the lenders' debt-resolution and recovery choices was declined. en-us Fri, 24 Aug 2018 00:00:00 +0530 Tue, 08 Jan 2019 07:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373167 A writ court will not compel banks to accept a borrower's resolution plan, restructure debt, or support a revival proposal where the lenders have already considered and rejected the proposals in their commercial judgment. The Court treated restructuring and rehabilitation decisions as matters within the lenders' discretion under the applicable reserve bank framework, and held that no enforceable legal right existed to demand mandamus for acceptance of the plan or for issuance of continuation guidelines. The requests for directions to devise or back a business continuation strategy were therefore rejected, and judicial interference in the lenders' debt-resolution and recovery choices was declined. Case-Laws Insolvency and Bankruptcy Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373167