Valgaa Finacial Service Limited v. Union Of India
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 05.10.2023 CORAM :
THE HONOURABLE DR.JUSTICE ANITA SUMANTH and W.M.P.Nos. 25500 & 25502 of 2023 Valgaa Financial Service Limited (formerly G.T.P.Finance Limited) Rep. by its Director S.S.Muthuvelu, No.4/36, Bharathi Street, Swawrnapuri, Salem - 630 004.
.. Petitioner vs 1.Union of India Rep. by its Secretary, Ministry of Finance, New Delhi - 110 001.
2.Reserve Bank of India, Rep. by the Chief General Manager-in-charge, Central Office Building, Shahid Bhagid Singh Marg, Mumbai - 400 001.
3.The Deputy General Manager, Reserve Bank of India, Department of Non-Banking Supervision, Chennai - 600 001.
4.Bank of Baroda, Meyyanoor Branch, K.J.Plaza, 221 Meyyanoor Road, New New Bus Stand, Salem - 636 004.
1/5
5.DBS Bank Limited Tiruchengode Branch 66/1, Selvam Sathan, Sankari Road, Opposite to Government Girls High School, Tiruchengode - 637 211, Namakkal District.
6.DBS Bank Limited, Ammapet Branch, 431A, TVK Road, Ammapet, Salem - 636 003.
7.IndusInd Bank Ltd., Omalur Branch, No.26, Mettur Main Road, PPS Complex, Omalur, Salem - 636 455.
8.Tamilnadu Mercantile Bank Limited Kannakurichi Branch, 4/153-C GV Complex, Main Road, Kannakurichi, Salem - 636 008.
9.Indian Bank Sivadhapuram Branch, SiddharKoil Main Road, Sivadhapuram, Salem - 636 307 10.Karur Vysya Bank Vellapillaiyarkoil Branch 155, Rasipuram Main Road, VellapillaiyarKoil, Rasipuram Taluk, Namakkal District - 637 505.
11.Karur Vysya Bank Namagiripet Branch, 469/1, New No.75/1, Attur Main Road, Namagiripet, Namakkal District - 637 046.
12.Tamilnadu Mercantile Bank Limited Chinnappampatti Branch 4/392, Sabi Complex, BLDG Santhai Road, Chinnappampatti - 636 306, Salem District.
2/5
13.DBS Bank Limited, Mecheri Branch, SF No.230/2, Ward No.
16, Dharmapuri Main Road, Mecheri, Salem District - 636 451.
14.DBS Bank Limited, Mount Road Branch, No.356, Old No.646, Anna Salai, Thousand Lights, Chennai - 600 006.
15.Karnataka Bank Limited Teaches Colony Branch, Erode - 638 011.
16.HDFC Bank Salem Five Roads Branch, No.224/1, Meyyanur Main Road, Salem - 636 004.
.. Respondents Petition filed under Article 226 of the Constitution of India praying to issue a writ of declaration, declaring the consolidated circular dated 19.04.2022 bearing Ref No.DOR.CRE.REC.23/21.08.008/2022-23 issued by the 2nd respondent as null and void, ultra vires the Constitution of India. For Petitioner :
Mr.V.Praveen Kumar For Respondents :
Mr.K.Ramanamurthy CGC for R1 Mr.P.Giridharan for R2, R3 3/5
ORDER
Mr.V.Praveen Kumar, learned counsel, conveys instructions from the petitioner for withdrawal of this writ petition and makes an endorsement to the effect, recording which, writ petition and connected miscellaneous petitions are dismissed as withdrawn. No costs.
05.10.2023 Index:Yes/No ssm To 1.The Secretary, Union of India Ministry of Finance, New Delhi - 110 001.
2.The Chief General Manager-in-charge, Reserve Bank of India, Central Office Building, Shahid Bhagid Singh Marg, Mumbai - 400 001.
3.The Deputy General Manager, Reserve Bank of India, Department of Non-Banking Supervision, Chennai - 600 001.
4/5
DR. ANITA SUMANTH,J.
ssm 05.10.2023 5/5