Delhi High Court Dismisses PIL Seeking Probe Into Hyatt Regency Loan Settlement

The Delhi High Court dismissed a Public Interest Litigation demanding an investigation into the one-time loan settlements between Hyatt Regency’s owners, Asian Hotels Pvt Ltd, and their lenders, Punjab National Bank (PNB) and Bank of Maharashtra (BOM).

The Court observed that both banks had acted in line with RBI guidelines and found no “contumacious or culpable financial impropriety” in their decision to enter into the settlements.

It held that commercial loan arrangements between private entities do not justify judicial scrutiny through a PIL unless a public law element or statutory violation is shown.

[Infrastructure Watchdog v Union of India and Ors.]