https://www.taxtmi.com/caselaws?id=777566 A fraud classification made under a binding RBI circular cannot be interfered with in writ jurisdiction merely because the borrower later invokes MSME protection or alleges non-compliance with a rehabilitation framework. The court held that, where the circular itself is not directly challenged, the bank's declaration of the account as fraudulent and the connected SARFAESI action remain sustainable. The petitioner could not resist the regulatory fraud process on the pleaded grounds, and any challenge had to be mounted independently against the circular. The writ petition therefore failed on merits, leaving the petitioner to pursue other remedies available in law. en-us Wed, 13 Aug 2025 00:00:00 +0530 Tue, 02 Sep 2025 08:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777566 A fraud classification made under a binding RBI circular cannot be interfered with in writ jurisdiction merely because the borrower later invokes MSME protection or alleges non-compliance with a rehabilitation framework. The court held that, where the circular itself is not directly challenged, the bank's declaration of the account as fraudulent and the connected SARFAESI action remain sustainable. The petitioner could not resist the regulatory fraud process on the pleaded grounds, and any challenge had to be mounted independently against the circular. The writ petition therefore failed on merits, leaving the petitioner to pursue other remedies available in law. Case-Laws Indian Laws Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777566