Madras High CourtWP/18358/2015withdrawn dismissed

Davidson Dharmaraj v. The Union Of India

2015-06-25Honourable The Chief Justice,Honourable Mr Justice T. S. Sivagnanam3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 25.06.2015

CORAM

The Hon'ble MR.SANJAY KISHAN KAUL, CHIEF JUSTICE AND The Hon'ble MR.JUSTICE T.S.SIVAGNANAM W.P.No.18358 of 2015 and M.P.Nos. 1 and 2 of 2015 Davidson Dharmaraj .. Petitioner -vs1.The Union of India, Ministry of Finance, Rep. by its Secretary, North Block, New Delhi.

2.The Governor, Reserve Bank of India, Central Office Building, 18th Floor, Shahid Bhagar Singh Marg, Mumbai.

3.The Principal Chief General Manager, Dept. of Communications, Reserve Bank of India, Central Office Building, 12th Floor, Shahid Bhagar Singh Marg, Mumbai.

4.The Chief General Manager, Reserve Bank of India, Central Office, Centre I, World Trade Centre, Mumbai.

5.The Chief General Manager, Dept. of Non-Banking Regulation, Reserve Bank of India, Central Office, Centre I, World Trade Centre, Mumbai.

6.The General Manager, Reserve Bank of India, Fort Glacis, Rajaji Salai, Chennai.

7.The General Manager, Reserve Bank of India, P.B.No.6507, Thiruvananthapuram.

8.IDFC Ltd., KRM Tower, 8th Floor, No.1, Harrington Road, Chetpet, Chennai.

9.Bandhan Financial Services Pvt. Ltd., DN.32, Sector-V, Salt Lake City, Kolkatta, West Bengal.

.. Respondents Petition filed under Article 226 of the Constitution of India praying for issue of Writ of Certiorarified Mandamus to call for the records and quash the Guidelines for licensing of New Banks in the Private Sector dated 29.08.2011 and subsequently the grant of ''inprinciple'' approval for banking licenses dated 02.04.2014 by the third respondent and further forbear the respondents 1 to 5 from issuance of license for ''Payments Banks'' and ''Small Finance Banks'' for any of the illegal NBFC's and their Promoters and illegal MFI's.

For Petitioner : Mr.S.Gowthaman For Respondents: Mr.Su.Srinivasan, Asst. Solicitor General

O R D E R

(Order of the Court was made by The Hon'ble Chief Justice) After some arguments, learned counsel for the petitioner seeks to withdraw the petition, as he states that if some illegality is found in any action, he will take action in accordance with law as permissible.

2.Writ Petition is, thus, dismissed as withdrawn in the aforesaid terms. No costs. Consequently, M.P.Nos.1 and 2 of 2015 also stand dismissed.

Sd/- Assistant Registrar //True Copy// Sub Assistant Registrar sra

To 1.The Secretary, Union of India, Ministry of Finance, North Block, New Delhi.