Axis Bank Doesn't Perform Public Functions That Would Subject It To Writ Jurisdiction: Calcutta High Court

The Calcutta High Court ruled that Axis Bank, while performing banking functions, does not engage in public duties, thus excluding it from public law writ jurisdiction. The decision affirms that private banks' actions are governed by contract law rather than writ jurisdiction under public law. This distinction emphasizes the regulatory and contractual framework under which banks operate, impacting their legal liabilities and the remedies available against them.