https://www.taxtmi.com/caselaws?id=793421 A writ petition against an Authorised Dealer Category-I bank was held maintainable where the challenge alleged arbitrariness in the exercise of a public law function. The petitioner was not non-suited for alleged suppression, because the disputed Iranian nexus formed part of the substantive controversy and the relevant materials were before the Court. The bank had authority under FEMA and the facility agreement to seek further declarations, scrutinise sanctions-related concerns, and refuse processing when the petitioner's disclosures raised compliance doubts. Its refusal was upheld as non-arbitrary and non-mala fide, with no procedural impropriety shown, so writ interference was declined. en-us Fri, 12 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793421 A writ petition against an Authorised Dealer Category-I bank was held maintainable where the challenge alleged arbitrariness in the exercise of a public law function. The petitioner was not non-suited for alleged suppression, because the disputed Iranian nexus formed part of the substantive controversy and the relevant materials were before the Court. The bank had authority under FEMA and the facility agreement to seek further declarations, scrutinise sanctions-related concerns, and refuse processing when the petitioner's disclosures raised compliance doubts. Its refusal was upheld as non-arbitrary and non-mala fide, with no procedural impropriety shown, so writ interference was declined. Case-Laws FEMA Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793421