Opg Power Generation Pvt Ltd v. Reserve Bank Of India (Chennai)

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 28.08.2024 CORAM :

THE HONOURABLE MR. JUSTICE M. DHANDAPANI and W.M.P.No.28992 of 2021 OPG Power Generation Pvt. Ltd., Represented by its Authorized Signatory, Mr.P.Venkatasubramanian, OPG Nagar, Periya Obulapuram Village, Nagarajakandigai, Madharapakkam Road, Gummidipoondi, Thiruvallur - 601 201.

... Petitioner Vs.

Reserve Bank of India (Chennai), Fort Glacis, 16, Rajaji Road, Fort St. George, Chennai, Tamil Nadu.

... Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India for issuance of a Writ of Mandamus, directing the respondent to take on record the Foreign Direct Investments (FDI) received by the petitioner and reported by it to the respondent by furnishing Advance Reporting Form (hereafter ''ARFs'') and Form FC-GPRs and provide acknowledgement of the same in furtherance thereof. Page No.1 of 4

For Petitioner : Mr.B.Kumar Senior Counsel For Respondent : Mr.T.Poornam *****

ORDER

When the matter is taken up for hearing today, learned Senior Counsel appearing for the petitioner submitted that, though the petitioner has come up with this writ petition seeking to direct the respondent to take on record the Foreign Direct Investments (FDI) received by the petitioner and reported by it to the respondent by furnishing Advance Reporting Form (hereafter ''ARFs'') and Form FC-GPRs and provide acknowledgement of the same in furtherance thereof, however, the respondent has filed a memo dated 28.08.2024 before this court today. Hence, the learned Senior Counsel submitted that, this court may record the memo filed by the respondent and direct the respondent to implement the said memo within a time frame that may be stipulated by this court. Learned counsel appearing for the respondent submitted that the memo filed by the respondent will be implemented as expeditiously as possible. Page No.2 of 4

2. In view of the fair submissions made by the learned counsel for the parties, this writ petition stands disposed of with a direction to the respondent to implement the memo dated 28.08.2024, within a period of four (4) weeks from the date of receipt of a copy of this order. No costs. Consequently, the connected miscellaneous petition is closed. 28.08.2024 Index : Yes / No (1⁄2) Speaking order / Non-speaking order sp To Reserve Bank of India (Chennai), Fort Glacis, 16, Rajaji Road, Fort St. George, Chennai, Tamil Nadu.

Page No.3 of 4

M.DHANDAPANI, J.

sp 28.08.2024 (1⁄2) Page No.4 of 4