High Court of Karnataka Dismisses Petition Challenging Bank's E-Auction and Withdrawal of OTS in SARFAESI Act Matter — No Writ of Mandamus to Compel Acceptance of One Time Settlement. The court held that a writ petition under Article 226 is not maintainable against a private bank in contractual matters and that the bank's discretion to accept or reject an OTS cannot be compelled by writ.
14 Dec 2022The petitioner, M/s Rima Transformers and Conductors Pvt Ltd, a private limited company, availed a credit facility of Rs. 18 crores from Canara Bank. ...




