Meragala v. People’S Bank And Others – sllr 2006 volume 2 page 101

In the case between Meragala (the petitioner) and People’s Bank and Others (the respondents), the court addressed whether the legality and validity of a Board of Directors’ resolution under the People’s Bank Act (specifically section 29D read with section 22 of the Interpretation Ordinance) could be challenged by the petitioner despite the underlying contractual nature of the loan agreement. The court held that such a challenge was not maintainable, as the dispute arose purely from contractual relations between the petitioner and the bank, and the statutory provisions expressly precluded judicial review of the board’s resolution. This reaffirmed the principle that writ jurisdiction does not extend to the review of actions grounded in private contracts where appropriate statutory bars exist