https://www.taxtmi.com/caselaws?id=777566 HC refused relief and dismissed the writ petition, upholding the bank's declaration of the borrower's account as fraudulent under the RBI circular dated 15.07.2024. The court held that in view of the SC precedent, no remedy lies to challenge the fraud classification while the RBI circular remains in force; the petitioner must either pay the dues and seek appropriate relief or independently challenge the RBI circular. The petition was not admitted and was ordered dismissed. 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 HC refused relief and dismissed the writ petition, upholding the bank's declaration of the borrower's account as fraudulent under the RBI circular dated 15.07.2024. The court held that in view of the SC precedent, no remedy lies to challenge the fraud classification while the RBI circular remains in force; the petitioner must either pay the dues and seek appropriate relief or independently challenge the RBI circular. The petition was not admitted and was ordered dismissed. Case-Laws Indian Laws Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777566