https://www.taxtmi.com/caselaws?id=766069 The SC dismissed writ petitions against a finance company, ruling that mere regulatory compliance with RBI rules does not constitute performing public functions under Article 12. The Court emphasized the function test principle established in LIC of India v. Escorts Ltd., holding that writ jurisdiction under Article 226 applies only when entities perform public duties or functions, not private commercial activities subject to regulatory oversight. The distinction between public law and private law functions remains crucial for determining writ maintainability against private entities. en-us Fri, 24 Jan 2025 00:00:00 +0530 Mon, 17 Feb 2025 11:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766069 The SC dismissed writ petitions against a finance company, ruling that mere regulatory compliance with RBI rules does not constitute performing public functions under Article 12. The Court emphasized the function test principle established in LIC of India v. Escorts Ltd., holding that writ jurisdiction under Article 226 applies only when entities perform public duties or functions, not private commercial activities subject to regulatory oversight. The distinction between public law and private law functions remains crucial for determining writ maintainability against private entities. Case-Laws Indian Laws Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766069