Petition under Article 226 dismissed: no enforceable legitimate expectation or governing OTS policy; bank's commercial discretion upheld

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....The HC dismissed the petition under Article 226, holding that no enforceable legitimate expectation arose because the respondent-bank had produced no governing OTS policy or consistent express promise; consequently the court would not compel disclosure of an alleged changing benchmark or direct acceptance of the petitioner's OTS. While noting that a bank may qualify as a "State" under Article 12 and that discriminatory deviations from RBI guidelines could implicate Article 14, the court found no demonstrable policy breach here and deferred to the respondent-bank's commercial wisdom to assess recoverability and OTS suitability. Relief sought to mandate disclosure and dictate settlement terms was therefore refused.....