The Calcutta High Court has ruled that Axis Bank, being a private entity, does not perform public functions that would subject it to writ jurisdiction. The division bench of Chief Justice T. S. Sivagnanam and Justice Hiranmay Bhattacharyya made this observation while partly allowing an appeal filed by Axis Bank Limited against a single judge
Axis Bank Not Subject to Writ Jurisdiction, Private Banks Adhering to RBI Guidelines Not Performing Public Duties: Calcutta High Court
