Supama Trading Pvt. Ltd. And 2 Other v. Reserve Bank Of India And 2 Other

HEMANT CHANDERSEN SHIV H C SHIV 19.OWP2994.24.DOC HEMANT CHANDERSEN SHIV Date: 2026.03.10 18:10:57 +0300

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.2994 OF 2024 Supama Trading Pvt. Ltd. & Ors.

...Petitioners

Versus

Reserve Bank of India & Ors.

...Respondents

_______________________ None for the Petitioners.

Mr. Prasad Shenoy with Ms. Aditi Phatak with Ms. Ishita Desai i/b Blac Co. for Respondent No.1-RBI.

Mr. Rohit Upadhyay i/b Jamshed Ansari for Respondent No.2. Mr. Digvijay S. Kachare i/b Kuldeep S. Patil for CBI. _______________________ CORAM : SUMAN SHYAM & SHYAM C. CHANDAK, JJ.

DATED : 9th MARCH, 2026 P.C. :- 1.

None appears for the Petitioner.

2.

Mr. Shenoy, learned Counsel for the RBI and Mr. Kachare, learned Counsel for CBI, both have submitted that after the Judgment of the Hon'ble Supreme Court in the case of State Bank of India and Others vs. Rajesh Agarwal and Others1, the core issue raised in the Writ Petition is now covered inasmuch it is now mandatory requirement of law that before fraud declaration, the principles of natural justice would have to be complied with by the authorities. Therefore, it is submitted that the Writ Petition be disposed of with suitable direction. Such an order cannot be passed today in absence of the Petitioner's Counsel.

1 (2023) 6 SCC 1 9th March, 2026

H C SHIV 19.OWP2994.24.DOC 3.

In view of the above, list the matter again on 23rd March, 2026 under the caption 'For Dismissal'.

(SHYAM C. CHANDAK, J.) (SUMAN SHYAM, J.) 9th March, 2026