Manomohan Singh And ORS. v. Reserve Bank Of India And ORS.

$~A-22 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ W.P.(C) 656/2020 & CM APPL. 15315/2020 MANOMOHAN SINGH AND ORS.

... Petitioners Through Mr.Sandeep Sethi, Sr.

Adv with Mr.Ashish Batra, Adv.

versus RESERVE BANK OF INDIA AND ORS.

... Respondents Through Mr.Ramesh Babu, Ms.

Manisha Singh, Ms. Sanya Panjwani, Advs. for R-1/RBI Mr.Ankur Mittal, Mr.Abhay Gupta & Mr.Ankur Saboo, Advs. for R-2/SBI.

Ms.Ekta Choudhary, Advocates for R-3/Central Bank of India & R-6/ Corporation Bank.

Mr.Kush Sharma, Standing Counsel Bank of Baroda/R-5.

Mr.Saju Jakob, Ms.Nancy Shah and Ms.Ekta Bharati, Advs. for R-4/BOI.

Mr.Sidhartha Barua, Adv. for R-7/ IDBI.

CORAM:

HON'BLE MR. JUSTICE JAYANT NATH

O R D E R

% 24.07.2020 This hearing is conducted through video conferencing. CM APPL. 15315/2020 1.

This application is filed under Section 151 CPC by the petitioners stating that the consortium member namely Central Bank of India/respondent No.3 has sent a Fraud Monitoring Report to RBI on or around 18.02.2020 in violation of the order of this court dated 17.01.2020.

Hence, it is prayed that the said action be stayed. 2.

It is also stated that petitioners have learnt that a declaration of fraud by Central Bank of India was done in the month of February, 2020 only. 3.

Learned counsel for the Central Bank of India has filed an affidavit. It has been stated in the affidavit that a report has been filed with the RBI based on misappropriation and criminal breach of trust as observed in the Forensic Audit Report. Learned counsel for the Central Bank of India clarifies that Central Bank of India has not declared the bank account of the petitioners as fraud.

4.

Taking that statement on record, the application stands disposed of. JAYANT NATH, J.

JULY 24, 2020/st