https://www.taxtmi.com/caselaws?id=793910 A writ petition under Article 226 was held not maintainable against a private asset reconstruction company in relation to measures taken under the SARFAESI Act. The Court applied Supreme Court principles and found that a private financial institution or asset reconstruction company does not, by itself, perform a public function merely because its actions arise under a statutory framework. The availability of remedies under the SARFAESI Act also does not convert such a private creditor into a writ-amenable authority. Interim protection in writ proceedings was likewise refused because the writ itself was not maintainable, leaving the petitioner to pursue the appropriate remedy before the proper forum. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793910 A writ petition under Article 226 was held not maintainable against a private asset reconstruction company in relation to measures taken under the SARFAESI Act. The Court applied Supreme Court principles and found that a private financial institution or asset reconstruction company does not, by itself, perform a public function merely because its actions arise under a statutory framework. The availability of remedies under the SARFAESI Act also does not convert such a private creditor into a writ-amenable authority. Interim protection in writ proceedings was likewise refused because the writ itself was not maintainable, leaving the petitioner to pursue the appropriate remedy before the proper forum. Case-Laws Indian Laws Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793910