Gtl Ltd v. Reserve Bank Of India

Vidya Amin

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO. 3627 OF 2023 Ashok B Jiwrajka & Ors.

Reserve Bank Of India & Ors.

WRIT PETITION(ST) NO. 1538 OF 2021 Mohan Prasad Kala State Bank Of India Limited WRIT PETITION NO. 759 OF 2022 Omkar Speciality Chemicals Limited & Ors.

Bank Of Baroda & Ors.

WRIT PETITION NO. 2944 OF 2021 INTERIM APPLICATION NO. 1033 OF 2020 Punit Agarwal Reserve Bank Of India & Anr.

WRIT PETITION NO. 1946 OF 2022 Psl Corrosion Control Services Ltd. & Ors.

Union Of India & Ors.

WRIT PETITION NO. 1990 OF 2023 Ashok B Jiwrajka Reserve Bank Of India

WRIT PETITION(ST) NO. 5597 OF 2022 INTERIM APPLICATION(L) NO. 31047 OF 2022 Asuti Trading Pvt Ltd & Ors.

Reserve Bank Of India & Ors.

WRIT PETITION NO. 959 OF 2021 Surya Prakash Madrecha State Bank Of India & Anr.

WRIT PETITION(ST) NO. 5940 OF 2022 INTERIM APPLICATION(L) NO. 26987 OF 2022 Supama Trading Pvt. Ltd. & Ors.

Reserve Bank Of India & Ors.

WRIT PETITION(ST) NO. 6791 OF 2023 INTERIM APPLICATION NO. 1248 OF 2023 R. Subramaniam Reserve Bank Of India WRIT PETITION(ST) NO. 7706 OF 2023 Ashok Yoginder Punj Reserve Bank Of India WRIT PETITION(ST) NO. 7874 OF 2023 Chetan Suryakant Shrimanker State Bank Of India

WRIT PETITION(ST) NO. 8124 OF 2022 INTERIM APPLICATION NO. 3939 OF 2022 Imran Khan & Anr.

Reserve Bank Of India & Ors.

WRIT PETITION(ST) NO. 8664 OF 2023 Sharad Prabhakar Deshpande Central Bank Of India WRIT PETITION(ST) NO. 8956 OF 2023 Abhay Narendra Lodha Indian Bank (former Allahabad Bank) WRIT PETITION NO. 115 OF 2023 Viraj Chetan Shah Union Bank Of India WRIT PETITION NO. 93 OF 2022 Pranav Construction Systems Private Limited & Ors. Bank Of Baroda WRIT PETITION(ST) NO. 10848 OF 2023 Tunip Agro Limited Sicom Limited

WRIT PETITION(ST) NO. 10977 OF 2023 INTERIM APPLICATION(L) NO. 17953 OF 2023 Gaurang Ananda Shetty Idbi Bank Limited WRIT PETITION(ST) NO. 11807 OF 2023 Kunal Krishnakumar Jiwarajka Union Bank Of India WRIT PETITION NO. 1743 OF 2021 Ajay Mehra State Bank Of India & Ors.

WRIT PETITION NO. 1738 OF 2021 Yogesh Mehra State Bank Of India & Ors.

WRIT PETITION NO. 2157 OF 2017 Edayar Zic Ltd.

Union Of India & Ors.

WRIT PETITION NO. 2369 OF 2021 Chandra Prakash Madrecha Idbi Bank Limited & Anr.

WRIT PETITION NO. 2392 OF 2021 Surya Prakash Madrecha Idbi Bank Limited & Anr.

WRIT PETITION NO. 916 OF 2023 INTERIM APPLICATION NO. 2392 OF 2023 Rajesh G. Poddar & Ors.

State Bank Of India WRIT PETITION(ST) NO. 12925 OF 2023 Natwar Hariprasad Agarwal Sunil Hariprasad Agarwal WRIT PETITION NO. 1043 OF 2023 Naresh Jagdishraj Goyal Reserve Bank Of India & Anr.

WRIT PETITION NO. 1044 OF 2023 Anita Naresh Goyal Reserve Bank Of India & Anr.

WRIT PETITION(ST) NO. 13606 OF 2023 Murugan M Thevar Bank Of Maharashtra

WRIT PETITION(ST) NO. 13989 OF 2021 INTERIM APPLICATION NO. 1360 OF 2022 R J Bio-tech Limited & Ors.

State Bank Of India & Ors.

WRIT PETITION NO. 746 OF 2021 Kailash Shahra State Bank Of India WRIT PETITION(L) NO. 14651 OF 2021 INTERIM APPLICATION NO. 1228 OF 2022 Harshwardhan Raghavendra Joshi Idbi Bank Limited & Ors.

WRIT PETITION(L) NO. 14653 OF 2021 INTERIM APPLICATION NO. 1225 OF 2022 Meena Raghavendra Joshi Idbi Bank Limited & Ors.

WRIT PETITION(L) NO. 14654 OF 2021 INTERIM APPLICATION NO. 1359 OF 2022 Khadkeshwar Hatcheries Ltd. & Ors.

Idbi Bank Ltd. & Ors.

WRIT PETITION(L) NO. 15016 OF 2023 Deven Jitendra Mehta Reserve Bank Of India WRIT PETITION(L) NO. 15028 OF 2022 Devang Amulakh Mehta & Anr.

Reserve Bank Of India & Anr.

WRIT PETITION(L) NO. 15240 OF 2023 S S Hemani The Reserve Bank Of India WRIT PETITION(ST) NO. 15787 OF 2023 Mr. Abhay Narendra Lodha Idbi Bank WRIT PETITION(L) NO. 9453 OF 2020 Urrshila Kerkar & Anr.

State Bank Of India & Anr.

WRIT PETITION(L.) NO. 9456 OF 2020 Urrshila Kerkar & Anr.

Kotak Mahindra Bank Ltd & Ors.

WRIT PETITION NO. 3145 OF 2022 M.s. Ambegaonkar & Anr.

Union Of India & Ors.

WRIT PETITION(L) NO. 16919 OF 2023 G.s. Entertainment Pvst Ltd.

Idbi Bank Ltd.

WRIT PETITION(L) NO. 17004 OF 2023 Anita Narsh Goyal Canara Bank WRIT PETITION(L) NO. 17034 OF 2023 Naresh Goyal Canara Bank WRIT PETITION(L) NO. 17053 OF 2023 Mamtha Shetty State Bank Of India WRIT PETITION(L) NO. 17236 OF 2023 Sharad Prabhakar Deshpande Punjab National Bank WRIT PETITION(L) NO. 17734 OF 2023 Maheep Marketing Pvt Ltd Reserve Bank Of India WRIT PETITION(L) NO. 17788 OF 2023 Jaylon Impex Private Limited The Reserve Bank Of India

WRIT PETITION(L) NO. 17991 OF 2023 Naresh Goyal Idbi Bank Ltd WRIT PETITION(L) NO. 17992 OF 2023 Anita Goyal Idbi Bank Ltd WRIT PETITION(L) NO. 18351 OF 2023 Nitin R. Jadhav Reserve Bank Of India WRIT PETITION NO. 1028 OF 2023 INTERIM APPLICATION NO. 3851 OF 2022 Aarti Singal Reserve Bank Of India & Anr.

WRIT PETITION NO. 2965 OF 2022 Harshil Mehta Punjab National Bank & Ors.

WRIT PETITION NO. 810 OF 2023 Vinod Poddar & Anr.

State Bank Of India & Ors.

WRIT PETITION NO. 3171 OF 2022 INTERIM APPLICATION NO. 3115 OF 2022

Shreyas Doshi And Anr.

The Union Of India & Ors.

WRIT PETITION() NO. 19730 OF 2023 Shripal Sevantilal Morakhia Small Industries Development Bank Of India WRIT PETITION NO. 2605 OF 2021 Mamta Kishore Apparao & Anr.

State Bandk Of India & Ors.

WRIT PETITION(L) NO. 20751 OF 2023 Nitin R. Jadhav Reserve Bank Of India WRIT PETITION NO. 3330 OF 2022 Urrshila Kerkar Reserve Bank Of India & Anr.

WRIT PETITION NO. 974 OF 2023 Purushottam Chagganlal Mandhana & Ors.

State Bank Of India & Ors.

WRIT PETITION(L) NO. 22266 OF 2022 Yatin Steels India Pvt Ltd & Ors.

Union Bank Of India & Anr.

WRIT PETITION NO. 3605 OF 2021 INTERIM APPLICATION NO. 2648 OF 2021 Manjula Bhatia Idbi Bank & Ors.

WRIT PETITION NO. 2414 OF 2021 INTERIM APPLICATION NO. 2655 OF 2021 Ashok Yoginder Punj & Anr.

Idbi Bank & Ors.

WRIT PETITION(L) NO. 23444 OF 2023 INTERIM APPLICATION(L) NO. 33134 OF 2023 Kunal Krishnakumar Jiwarajka Union Bank Of India WRIT PETITION NO. 2545 OF 2021 INTERIM APPLICATION(L) NO. 28709 OF 2023 Ravi Arya & Anr.

The Reserve Bank Of India Through Its Governor & Ors.

WRIT PETITION NO. 3603 OF 2021 INTERIM APPLICATION NO. 2646 OF 2021 Nareshchandra Sharma Idbi Bank & Ors.

WRIT PETITION NO. 1063 OF 2023 Mamta Kishore Apparao & Anr.

Idbi Bank Ltd. & Ors.

WRIT PETITION(ST) NO. 24787 OF 2023 Rolta Private Limited Bank Of Baroda WRIT PETITION NO. 3723 OF 2022 Rahul Suri Reserve Bank Of India & Anr. .

..Respondents WRIT PETITION NO. 967 OF 2023 Venkataramana Condoor Managing Director, Wilful Defaulters Review Committee & Ors.

WRIT PETITION NO. 1302 OF 2023 Paras Harshad Shah & Ors.

Union Bank Of India & Ors.

WRIT PETITION NO. 4931 OF 2022 Vinayak Kulkarni & Anr.

Union Of India & Ors.

WRIT PETITION NO. 621 OF 2022 INTERIM APPLICATION(L) NO. 11727 OF 2023

Mamta Kishore Apparao & Anr.

Bank Of Baroda & Ors.

WRIT PETITION NO. 243 OF 2023 INTERIM APPLICATION(L) NO. 22808 OF 2023 Abhay Narendra Lodha Government Of India Thorugh Ministry Of Finance WRIT PETITION(L) NO. 26800 OF 2023 Urvil Akshaya Jani Uco Bank WRIT PETITION(L) NO. 27334 OF 2023 Amar Jamal Dodhia Bank Of Baroda WRIT PETITION(L) NO. 27335 OF 2023 Amir Jamal Dodhia Bank Of Baroda WRIT PETITION NO. 2094 OF 2022 Olympic Oil Industries Ltd. & Ors.

Indian Overseas Bank WRIT PETITION NO. 3152 OF 2018 A. V. Amarnath & Anr.

Idbi Bank Limited & Anr.

WRIT PETITION NO. 3153 OF 2018 Venkatesan Ventaraman Singanallur & Ors.

Idbi Bank Ltd. & Anr.

WRIT PETITION NO. 2852 OF 2019 Devanshu Praveen Desai State Bank Of India & Ors.

WRIT PETITION NO. 2856 OF 2019 Deepen Arun Parekh State Bank Of India & Ors.

WRIT PETITION NO. 3521 OF 2019 Kirankumar Chandulal Parikh State Of Bank Of India & Ors.

WRIT PETITION NO. 3365 OF 2019 Aditya Malhotra & Ors.

Idbi Bank Limited & Anr.

WRIT PETITION NO. 4743 OF 2022 Harshil Mehta Bank Of Baroda And Ors.

WRIT PETITION NO. 4754 OF 2022 Alok Agrawal Reserve Bank Of India And Ors.

WRIT PETITION(ST) NO. 29857 OF 2023 Nabil Dalwai Reserve Bank Of India WRIT PETITION(ST) NO. 29879 OF 2023 Abdulla Sahebkhan Dalwai Reserve Bank Of India WRIT PETITION NO. 78 OF 2024 Gtl Ltd Reserve Bank Of India WRIT PETITION NO. 3651 OF 2019 Gautam Malhotra Idbi Bank Limitd And Anr.

WRIT PETITION NO. 3649 OF 2019 Shri Arvind Dham Idbi Bank Ltd And Anr.

WRIT PETITION NO. 543 OF 2022 INTERIM APPLICATION(L) NO. 14710 OF 2022 Sanjay Singal Reserve Bank Of India And Anr.

WRIT PETITION NO. 954 OF 2023 Arun Kumar Saha Bank Of Maharashtra And Ors.

WRIT PETITION(ST) NO. 33274 OF 2022 INTERIM APPLICATION(L) NO. 21409 OF 2023 Abhay Narendra Lodha And Anr.

Union Bank Of India And Anr.

WRIT PETITION NO. 837 OF 2023 Aksh Chandra Khurana Union Of India Through Its Ministry Of Finance WRIT PETITION NO. 5262 OF 2022 Ajit Bhagwan Kulkarni State Bank Of India Mr. Gaurav Joshi, Sr. Adv. a/w Mr. Ankit Lohia, Ms. Krishna Baruah i/b Jash Dalia for Petitioners in WP/3627/2023 and 1990/2023. Dr. Milind Sathe, SR. Adv. a/w Mr. Ameet Naik, Ms. Yugandhara Pawar Jha, Mr. Abhishek Kale, Mr. Harish Khedkar, Mr. Aditya Ajgonkar, Mr. Parikshith K., Ms. Anjali Sharma I/b Naik Naik & Co. for Petitioner in WPL/17991/2023 and 17992/2023, 17004/2023, 17304/2023, WP/1043 and 1044/2023. Mr. Deepak Deshmukh with Mr. Vivek Dwivedi i/b Naik Naik & Co. for Petitioner in WP/2605/2021 and 1063/2023.

Ms. Lata Dhruv a/w Ms. Keya Raval i/b Dhru & Co. for Petitioner in WP/2965/2022 and 4743/2022.

Mr. Mitesh Naik i/b Dhru & Co. for Petitioner in WP/2157/2017. Mr. Gaurav Joshi, Sr. Adv. a/w Ms. Komal Joshi, Mr. Ashwin Hirulkar, Mr. Prasad Lotlikar and Mr. Suyash Gadre i/b ALMT Legal for Petitioner in WP/78/2024.

Mrs. Mahek Bookwala Shetty, Mr. Anuj Jhaveri, Mr. Aashish Darne, Ms. Ritisha

Choudhar i/b PSL Advocates & Solicitors for Applicant/Petitioner in IA/3851/2022 in WP/1028/2023.

Mr. Vekatesh Dhond a/w Ms. Aditi Pathak, Mr. Vijay Saokhe i/b B L A C & Co. for Respondent RBI.

Ms. Shobhana Narayan and Hanisha Daboo i/b Khaitan & Co. for R. No. 1 in WP/916/2023.

Mr. Zarir Bharucha a/w Mr. Rishi Thakur, Ms. Dhwani Gala i/b ZBA for R. No. 2 & 3 ( IDBI) in WP/1990/2023, for R. No. 1, 3 & 4 in WPL/17791/2023, 17992/2023, for R. No. 1 in WPL/10977/2023.

Mr. D. P. Singh a/w Ms. Savita Ganoo for R. No. 1 U. O. I. In WP/22266/2022 Smt. P. H. Kantharia, G. P. for State in WPL/8142/2022, 10848/2023, WP/959/2021, IAL/31047/2022.

Smt. Jyoti Chavan, Addl G. P. with Mr. M. A. Sayed AGP for State in WPL/11807/2023.

Mr. Sukanta A. Karmakar, AGP for State in WP/2157/2017. Mr. Shreyansh Desai i/b M/s. V. Deshpande & Co. for Kotak Mahindra Bank, R. No. 1 in WPL/9456/2020 and R. No. 3 & 4 in WPL/24214/2022. Mr. Nikhil Gupta i/b Wadia Ghandy & Co. for R. No. 3 in WPL/7706/2023 and R. No. 5 in WPL/24787/2023, for R. No. 7 & 8 in WP/3627/2023. Mr. Sunil Kumar Pillai a/w Ms. Niyati Shah i/b MLS Vani & Associates for R. No. 5 & 6 in WP/3627/2023.

Mr. Vishal Kanade a/w Ms. Trisha Sarkar & Mr. Shootosh Kothari i/b AZB & Partners for R. No. 1 & 2 in WPL/10898/2023.

Mr. Mihir Govande i/b Wadia Ghandy & Co. for R. No. 8 in WPL/11807/2023 Mr. Abdul Kader Lokhandwala i/b Sukanya Bhaumik for R. No. 11 Yes Bank Ltd. in WPL/11807/2023.

CORAM:

G. S. KULKARNI & FIRDOSH P. POONIWALLA, JJ.

DATED:

2 February, 2024 P.C.

1.

Stand over to 23 February, 2024.

2.

Ad-interim relief, if any, granted earlier shall continue to operate till the adjourned date of hearing.

(FIRDOSH P. POONIWALLA, J.) (G. S. KULKARNI , J.) Signed by: Vidya S. Amin Designation: PS To Honourable Judge Date: 06/02/2024 13:21:23