Oriental Exports And ORS. v. Reserve Bank Of India And ORS.

OD-1 ORDER SHEET WPO No.365 of 2024

IN THE HIGH COURT AT CALCUTTA

Constitutional Writ Jurisdiction ORIGINAL SIDE ORIENTAL EXPORTS & ORS.

Vs RESERVE BANK OF INDIA & ORS.

BEFORE:

The Hon'ble JUSTICE SABYASACHI BHATTACHARYYA Date : 20th May, 2024 Appearance:

Mr. Pranit Bag, Adv.

Mr. Pradeep Jewrajka, Adv.

Ms. Pooja Jewrajka, Adv.

Ms. Amani Kayan, Adv.

..for the Petitioner.

Mr. Rajarshi Dutt, Adv.

Mr. S. Pal Chowdhury, Adv.

...for the Respondent.

The Court:- Learned counsel for the petitioners submits that in the order dated May 14, 2024, in the second original paragraph at page 2, the last sentence was recorded as, "It is submitted that the petitioners, as guarantors, had given certain assets/shares as collateral securities to cover the loan taken by one Schefields Limited."

However, it is pointed out that the submission made was that the petitioners were guarantors in a loan taken by one Schefields Limited.

Accordingly, the order dated May 14, 2024 be deemed to stand corrected to the effect that the last sentence in the third paragraph shall be read, in the light of the above observations, as "It is submitted that the petitioners were guarantors in a loan taken by one Schefields Limited." Let this order be deemed to be a part of the order dated May 14, 2024. (SABYASACHI BHATTACHARYYA, J.) SN/sg.