M/S. V.P. Sales Corporation v. The Central Bank Of India

THE HON'BLE SRI JUSTI CE SANJAY KUMAR AND THE HON'BLE SRI JUSTI CE K.LAKSHMAN WRI T PETI TI ON NO.14556 OF 2019 ORDER: (per SK,J) The grievance of the petitioner firm is that the Central Bank of India, Hyderabad, is not extending to it the benefits of the scheme titled 'one-time restructuring of existing loans to Micro, Small and Medium Enterprises' floated under Circular dated 01.01.2019 issued by the Reserve Bank of India. A consequential direction is sought to the bank to implement the said scheme in relation to the petitioner firm. 2.

Perusal of the material papers however reflects that the petitioner firm did not place on record any of the representations made by it in relation to the aforestated scheme.

3.

In that view of the matter, the writ petition is disposed of permitting the petitioner firm to make a representation afresh along with supporting material to substantiate its claim that it would be covered by the aforestated scheme and thereafter, seek extension of benefits thereunder. In the event such an application is made, the Central Bank of India, Hyderabad, shall consider the same on its own merits and take an appropriate decision thereon expeditiously.

4.

Pending miscellaneous petitions, if any, shall stand closed in the light of this final order. No order as to costs. ________________ SANJAY KUMAR,J _____________ K.LAKSHMAN,J Date:30.09.2019 GJ