Amarjeet Singh Brar v. The Reserve Bank Of India And ORS

 


 


 
 
 

  







Judgment Reserved on : 12.07.2023 Judgment Pronounced on : 04.10.2023 (1) CWP-7706-2022 AMARJEET SINGH BRAR 



THE RESERVE BANK OF INDIA AND OTHERS







 

(2) CWP-12411-2023 RINKU SANDHU 



STATE OF HARYANA AND OTHERS







 

(3) CWP-12108-2023 SUKHJIT SINGH 



RESERVE BANK OF INDIA AND OTHERS






 

(4) CWP-11392-2023 PARAMJIT SINGH 



RESERVE BANK OF INDIA AND OTHERS






 

-2- 2023:PHHC:130284 (5) CWP-1978-2023 HARJINDER SINGH 



RESERVE BANK OF INDIA AND OTHERS






 

(6) CWP-24699-2022 BALVIR SINGH 



STATE OF PUNJAB AND OTHERS







 

(7) CWP-24672-2022 KARAMJEET KAUR 



STATE OF PUNJAB AND OTHERS







 

(8) CWP-12705-2021 HARJINDER SINGH 



STATE OF PUNJAB AND OTHERS







 



  

  



 
!!!!!
 




 



 


 !"#!##

-3- 2023:PHHC:130284  
 
$  %&



 


'# !(#!#'

') *#!#+

''+)##!#+

'#'!*#!#+

 
,-
- 



 
. 




 


'#/''#!#+
 
01&
-  2



 


#/" ##!##
3
#/"))#!##

Ms. Lavanya Paul, DAG, Punjab for respondent-State in CWP-12705-2021, CWP-24672-2022, CWP-24699-2022.

Mr. Indresh Goel, Advocate for respondent No.1-RBI in CWP-7706-2022.

Mr. Nitin Thatai, Advocate for respondents No. 3 & 4 in CWP-7706-2022, for respondents No.4 & 5 in CWP-24672-2022.

Mr. Vikas Kumar Gupta, Advocate for respondents No. 3 and 4 in CWP-12411-2023.

Mr. Nakul Sharma, Advocate for the respondents No.2 & 3 in CWP-12108-2023. Ms. Tavleen Kaur, Advocate for Mr. Amarjit Singh Virk, Advocate for respondent No.4 in CWP-1978-2023 and for respondent No. 3 in CWP-11392-2023 (INDUSIND BANK) Mr. Saurabh Savara, Advocate with Mr. Sandeep K. Sharma, Advocate for respondent No.4 in CWP-1978-2023, for respondents No.4 & 5 in CWP-24699-2022 and for respondents No.3 and 4 in CWP-11392-2023. Mr. Manish, Advocate for respondents No.4 & 5 in CWP-12705-2021.

44444



 "
 '

- 
% 

 
6-

67

88
&-8

1
9
 
1

 
 
6 

-4- 2023:PHHC:130284 #


 1
8
 
1-

 

 
: 

 
 #$$%#
#



  
 
 &


 
 
 +
 7

 
 

%

2-
 


;+

/



1818
<8

=

87

 
8
>-
 
 1
?

 1
@
6 -
- 
;$'+))+!
67
 
 7
-

 
818
/



 
 

1

 1


 

11 
67
 7-
 1
 1 

0  1
$ 
8
8
 
5 
11 
 
 ?@
%

67
8 ')

 1
% 
1
% 
'(!+#!#!


68
&61
5  1
8
; 


1-
8


 
 


 
0
-8

5 
 1

17

!/!/#!##
 

-

 17
!#
7 
5 
-
 
 

2
 61

 

8 


8
% 
 
 1 
% 
6 

 
 1
6

(
<

 
 


1


 
6

 1

% 


5 11
#"
- 
% 



 5A
= 2
5 
1
1
%

"*(!!!B

6


"!
8 17
18
 
')" 'B
5 


1 7

'
18
11
'(!+#!#!
% 
7
 1

 
 
69
 1
 


 
 
8

<

 


88
 6 
 -

 
7
#!#'


2
8
  
%


: 
 6 1
% 
%

-5- 2023:PHHC:130284 

'+'##!#'


- 

5 

18
 

68
% 
 
% 
17
 
-

7
 
8

 
8

6
 11-
67
8
6  
 
0 
 

= 2
% 
  


 8
7
5 

  
 
817B

1
 


87
 
1217

2
 61

   
 1


11-1
8 

% 
11%-

 
 1%


"

  
17

6 1


;'  
$2
 <

6
1
%  

%
 
 
 
% 

%

861
-
  
$2

<

 



6
8

67
 

 




1%

  
 C-  

: 
 
:   7
% 
& 
01
% 
1
8
%


 

2
67
  
$2
 <

8-
 
 
8
 
8

 1
78
 
 7

 
8  8

:
<
%
1
 

  
-1

- 

---

 7
-


 7 
 1

1
6


 
 
87

 


7
 1
2
 

  
8

1%



1


;+

/=
87

 117
68
 
 



2
 71

 
 1

 



 8 






 
5 


6

  


<

  
 
 

8
 

 6 1
% 

1 7
6

-
8

 

7

 
 6 1
% 

6
- 
67
 
8
 

 

-

-6- 2023:PHHC:130284    
6&
-
 

% 
C
 
 
% 



861

%
 
6
5 

87



 1

  
 
8
 
9
2-
 1
 
- 


 #  #
#

&
 
  

 

 
 *

 7
8

 
 



2-
 
-
 
 
$2
817
0 $
$2
D8
8
11-117


 617
2-


 1
6 -
- 
;C /($) */
<

6
 

 
% 

 


-


6
88 1
 1

 2
D71
,
 

 
7
#!'"

 
8
%

8

;/
-

1
1
8
 
#''!(*+B

6


"!
9
8 17
18



(#!!!B
 
5 

18
 

1

7
 18
-1 17


 ')
8

 
  
 

 
1217

2
 

11-1



 617
>

 

 1

)





6 1
 
$2

6
1
%  


6
 
 



  
 
 
%
1


 

 1
1


;
#" ("

#!')
 
 
 

')!)#!')


 
6
% 

 

17

18
 -


# !)#!')


% -
 
 2-
-
67
 
1

 


-
8
 
/'(!!!B
%1
6

% 

 

!*
%2
 

 2-
%

81
% 
<
%

  
 
 

$2

6
67
1%

%1
2

-7- 2023:PHHC:130284 
 17

  87
% 
 
&-8
 
CE61
 8

 

 
8

F-
< < <
$2
D
 
 2
 G

%11


 
8

F< < <
$2
 


0

 8

  G
<

  
 
 




 
1617

%11


 

6

 1

82-
 
78
<

  
 
 
$2



-7

 817




 
88 1
 

:-
-
17



  -


61



61
7
<

1
 
 
%

 1

 

')
8

 



- 8
:
 
1
-
% 2


6


#"+)
1
 :817
5 1-
 
 
% 


 
- 6
 ')
8

17

2
78 7
  
<

 


 
 1


6
2



 
 
% 


17
 8 7

6

& 

 8



 
9 

2
 

 
  
8
161

 
1%

2-

1 
 #   #
# & 


 
 
 &


 
 
 '!



 


6
2-

7
-
%1
= 
?= 8 17
-8
= 
D8@
-
8

2
 61
 7

3


 1
6 -
- 
;
$ !"5
!#+'
% 1

 7
-
5 

 

 


  
 

 1

 
7
#!'*

 
8
%
7 
% 
=
87
% 
# !*#!'*

5 

1

7
 

18

8


 
 -
 8
1-
 ')
8

-8- 2023:PHHC:130284  -
%  
1

17
 
 1
C

 

 
2-


2
 61

 
 1

 
  

6


 
 7
-

8
%
1
8

''!(#!##




 7
 

 1
6
 
8
1

6

<

 
 

 
6

817
%
1%

2-

 
 1

  


- 
  

  

1%
%1

6
11%
67
 


''

68

6 1
 


6
81


 81
17

6
1

 # '#
# 


 
 
 &


 
 
 '#

 7
-
 61
 7



 2
6 -
- 
;
$!# ,
***"
% 1

 7
-


6
8

 
 
% 

%

  
 
 
- 

11%
 
  
  6

1%

2-
 


11%-
 
 7
-

2
1%

 
%


5 
6
 1
%
  
67
2-
1
8
<<
$2
5 
8
 
/! "!/#B
%

6


"!
8 17
18
 
*)*!!B
 
5 

18
 


8
8

,  
-
% 

1
 


1-
 

 
 
 

8


6
-


8

 -17


-
8

6
 %
67
 

6
 61
8
 
 


  
%
: 
67
 

 
 7
-
 

 
1217

2
 61

 
 1
% 
11%-
 

 

1%
% 

1217


- 
 &

 
 

-9- 2023:PHHC:130284 '+

17

6 1


%

- 
 
 
% 
% 
 

 # '$ #
(




 
 
 &


 
 
 '/
 7

 
 
% 




 
 
  
$2
8
2-
 61


 1
6 -
- 
;
$!(H
"!+
% 1

 7
-
% 
11%-
 
 

1%
5 


1
1

!/!##!')

 
 
**+)(/B

6


!
8 17
18
 
#"#!!B
<


 



6
1
7
 

8

 
817
 

 
1217

2
 61

 
 1
% 
11%-
 

 

1%
% 

1217


- 
 &

 
 


'(

 7
 
 1


2
1

  


8

-



 
1-

 # %''#

#




  

 
 
 '"
 7

 
 
% 



2-
 
-


;/

(

<<
$2
8
2-
 61

 
 1
6 -
- 
;
$'+$ # '+

1
 
 7
8


2-
 61

  1
5 
  
 1
%
  
 
1-
1
 
#* !'++B

6


(*
118
 
"+#/(B
 
5 
18
 

1

7
 
18


 12%
 -
')

 



6-
1
% 
 
8


6
1
-
<

 


-10- 2023:PHHC:130284 
  
 61
 7
 

 1
67
  7
-
 
$2

 

8

6
8
 1


- 
7

8
6-

1
 
8

1%


6
 

' 

17

6 1


;
'

+

6
1
%  

%
 
 
6

 1
6 -
- 
;

$'+$ # '+

%  
 


6
1


6
 
67
 
$2

 

5 2
6 -
- 
;
$'+$ # ''
%
 

01 

 





 
% 
  1
& 
 
 
;
18
-
5 2
;
$'+$ # ''


6
1

 # %$#
(&
&
  

 
 
 '*


2
88
-
 9

811
=
$2
8
8-

 617

 
5 2
6 -

- 
;
$')C) * I
$')C)**

$!+'+*'
5 
18
 
%
 1
6 -
- 
;
$')C)**

$')C) *

6
  
67
 


#('!#!'+

''!+#!'/
17
 
6-

8
 

9

811
=
$2
 17
118
 
#''#!B


#!
*(!B

% 

6

17
5 
  
 1
$!+'+*'
%
  


%
6

+''##!#!

8 17
118



'*/!!B


6


 
8
5 

1

7
8
 
118

  



%


 
8
6-
18
67
 


 
8
%  

61

6
-
C

 
 

 
-

2

-11- 2023:PHHC:130284

 61

 
 1
% 
11%-
 
 

1%

5 8

1217


88
 &

 


 
7
 
 

$2


6
 

')

17

6 1


;'

+

6
1
%  


6
 117
 
 

$

7
 
 1
 


6
 
67
 
-
 
87


 
 




2-
7


 # $)#
(




  

 
 
 #!
 7

 
 



 

;/

(<
1
=
D8
8
2-
 61

  1
6 -
- 
;
$+(J'"*#
% 1

 7
-
<

6
 
67
 

 

  
 
6

 1
 
6-
1
 '!
1
8
 


 8
 86 
#!'*
5 

8
%

6


/*
8 17
118
 
+(!!!B


 


#/
8 17
118
 
% 

-
118


 
 
 


 


 
6

 1
 
817

%11

 
-
 

=
87
 
8-

2

 61

 
 1

1
 
1%
1
%
67


 



&-8

#'

17

6 1


;'

+

6
1

 8
%  

%
 
  



%




 617
 7
 
 1

 
 
 


6

  

-12- 2023:PHHC:130284 ##

 -8
 
1
 -

6 1
 

6
1
 


  61



1

1%

6
 2
67
 8



 
 
 


6

  
3

 

6
  1
6-

:

 
8
2%

1%
5 

 



7
 -

7
%1
 


  


 
8
161

8

1%
17

 
 


5 
 

 
6-



8
 
 8 
3

161

6
8
<

  
 -
 
11
 
 
2%1-
 
 7
 

 1
 118
<

1

 

 
 
 
6 

7
8  8

 
67
  
$2

<


6
:
=1-
 


 

67
8 
 
 
6 


78

1


  

 



2



1%

#+

1

 
 

 -
 

 - 
 
 1


6-
2
%7
% 
 
  

1

817B  7
-
 


8

8

2-

 
 1
% 
11%-

 

1%

 
 1
 
 
 
11 

 
%1
6

- 
 &

 
 

 


6-




 7

  
 
 

  




 
 

 

1%

11%
6  


-
 7

#/
<

 
1 
1
 -

6 1
 
 
5 1

%  
8




-13- 2023:PHHC:130284  




 
 1

9


6

67
 
87
5  

 
6

 8
 
 
 
1217

88

6 
 
1

1%
5 


6

  
& 

 8

% 
7
1



$
 
 

1


 
1
- 8
8

 
6
%  

87

6
 


%  
  
%
7
 
1 

1
1


  

  

6
8


%  
  

7
 6 

1 
0
1
1


5  

1

11-

 
6 

 
861

 ')
 


6
:

 8
5 
 

1
1

 


%
   7
87

 
88
1%

 
8
1 


&

%1

6




#(
 
 

811-
 8
1
67
  

% 

1
6

 
61
1%
87

 
17
87
% 

61
3
161

 
 

5 
 

 
 
 8 

 
-

#"
C
% 
88-

 
 

 -

8 

%11

 
8617
 
?@



 -

88 1
 
%
 
8
$2


  
% 

 



 8 

 
-

# 
< 

  !"#!##

 







 6 1
% 

1 7
6

-
 

-
% 
6&


+/
 
 6 

1

'))"

1 7
6
1
5 
 7
-
7

 
 6 1
% 

-

6
- 
67
  
 -
6&

6
1

-14- 2023:PHHC:130284 67
2-

7
-
  8
 
% 
67
1-

% 


 1
##"
 

<
5 
8

 -17
8


861

 
 8


1- 
 
 


5 
 
87



2
 


1 
8


1%




*



 +


 "








  

 
2-B 

HB;

 
 61

HB;