https://www.taxtmi.com/caselaws?id=400273 The court rejected the writ petition, finding that the Petitioner did not demonstrate bona fides and that the classification of Loan Transaction No. III as a Non-Performing Asset (NPA) was justified. The court upheld IFIN's decision to deny the moratorium benefits based on the Petitioner's ineligibility under the COVID-19 Relief Policy. The broader context of fraud and mismanagement within the IL & FS group further undermined the Petitioner's claims of innocence. The issue of maintainability was left open for future consideration. en-us Thu, 29 Oct 2020 00:00:00 +0530 Mon, 02 Nov 2020 14:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400273 The court rejected the writ petition, finding that the Petitioner did not demonstrate bona fides and that the classification of Loan Transaction No. III as a Non-Performing Asset (NPA) was justified. The court upheld IFIN's decision to deny the moratorium benefits based on the Petitioner's ineligibility under the COVID-19 Relief Policy. The broader context of fraud and mismanagement within the IL & FS group further undermined the Petitioner's claims of innocence. The issue of maintainability was left open for future consideration. Case-Laws Companies Law Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400273