Karnataka High Court Dismisses Writ Petition in Commercial Loan Matter; Bank's Prudential Decision Upheld. Court rules that the communication of a commercial bank rejecting a borrower's request under a credit guarantee scheme does not attract the strict requirement of reasons applicable to statutory authorities, and the scope of judicial review under Article 226 is limited to cases of statutory violation, unfairness, or mala fides.
4 Oct 2021The first petitioner, Traegen Systems Private Limited, an MSME enterprise engaged in the business of musical instruments and audio equipment, availed ...
