Sulaiman Badusha.A v. Reserve Bank Of India

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 28.04.2023

CORAM:

THE HONOURABLE MR.JUSTICE R.SUBRAMANIAN and THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI Sulaiman Badusha.A ... Petitioner -vs1.Reserve Bank of India Rep.by its Regional Manager 16, Rajaji Salai Fort Glacis, Chennai Tamil Nadu 2.The Authorised Officer Reliance Commercial Financial Ltd.

Ampa Manor 107/2, 3rd Floor, Nelson Manickam Road Aminjikarai, Chennai-29 ... Respondents PRAYER: Petition filed under Article 226 of the Constitution of India, to issue a writ of mandamus directing the respondents to accord the benefit of waiver / write off to the petitioner as per the RBI Master Circular - Prudential norm on income recognition asset classification and provisioning pertaining to

advances (RBI 2021-22/104), dated 01.10.2021 by considering petitioner's representation dated 20.09.2022 in light of the said master circular, within the time stipulated by this Court.

For Petitioner :

Mr.M.Mahaboob Athiff For Respondents :

Mr.M.Karthikeya Venkatachalapathi Central Government Standing Counsel for R1

O R D E R

[Order of the Court was made by R.SUBRAMANIAN, J.] The second respondent is a private Finance Company. We do not think that we can entertain such a writ petition under Article 226 of the Constitution of India and direct waiver of the loan. Hence, this writ petition fails and it is dismissed. No costs.

[R.S.M., J.] [L.V.G., J.] 28.04.2023 NCC :

Yes / No Index :

Yes / No Internet :

Yes / No krk

R.SUBRAMANIAN , J.

and L.VICTORIA GOWRI , J.

krk 28.04.2023