https://www.taxtmi.com/caselaws?id=435265 Judicial review was held not to extend to directing a new tax-relief scheme for home loans, delayed possession, or project defaults, because such matters fall within economic and banking policy. Existing Reserve Bank of India housing finance and restructuring directions were noted as binding on banks, and the Court treated the remedies under insolvency law and the real estate regulator as sufficient. As no legal basis was shown for judicial substitution of policy choices, no further directions were issued and the petition was dismissed. en-us Mon, 13 Mar 2023 00:00:00 +0530 Wed, 15 Mar 2023 21:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435265 Judicial review was held not to extend to directing a new tax-relief scheme for home loans, delayed possession, or project defaults, because such matters fall within economic and banking policy. Existing Reserve Bank of India housing finance and restructuring directions were noted as binding on banks, and the Court treated the remedies under insolvency law and the real estate regulator as sufficient. As no legal basis was shown for judicial substitution of policy choices, no further directions were issued and the petition was dismissed. Case-Laws Insolvency and Bankruptcy Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435265