Delhi High Court - Orders
W.P.(C) 306/2019 on 23 May, 2022
Author: Prateek Jalan
Bench: Prateek Jalan
$~67 to 72, 1 to 66
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ W.P.(C)306/2019,W.P.(C)12460/2019,W.P.(C) 12475/2019,
W.P.(C) 12841/2019, W.P.(C) 10968/2019, W.P.(C) 12858/2019
W.P.(C) 275/2021, W.P.(C) 300/2021,W.P.(C) 338/2021,
W.P.(C) 372/2021, W.P.(C) 752/2021,W.P.(C) 754/2021,
W.P.(C) 925/2021, W.P.(C) 1830/2021, W.P.(C) 2237/2021,
W.P.(C) 3367/2021, W.P.(C) 3457/2021, W.P.(C) 3545/2021,
W.P.(C) 3760/2021, W.P.(C) 4193/2021, W.P.(C) 4458/2021,
W.P.(C) 5068/2021, W.P.(C) 6118/2021, W.P.(C) 6485/2021,
W.P.(C) 7160/2021, W.P.(C) 7209/2021, W.P.(C) 10330/2021,
W.P.(C) 10354/2021, W.P.(C) 11799/2021, W.P.(C) 11886/2021,
W.P.(C) 656/2020, W.P.(C) 788/2020, W.P.(C) 2424/2020,
W.P.(C) 2485/2020, W.P.(C) 3183/2020, W.P.(C) 3924/2020,
W.P.(C) 3991/2020, W.P.(C) 3997/2020, W.P.(C) 4050/2020,
W.P.(C) 4249/2020, W.P.(C) 4317/2020, W.P.(C) 4382/2020,
W.P.(C) 4578/2020, W.P.(C) 4938/2020, W.P.(C) 4940/2020,
W.P.(C) 4941/2020, W.P.(C) 5087/2020, W.P.(C) 5178/2020,
W.P.(C) 5185/2020, W.P.(C) 5280/2020, W.P.(C) 5281/2020,
W.P.(C) 5555/2020, W.P.(C) 5729/2020, W.P.(C) 5749/2020,
W.P.(C) 5849/2020, W.P.(C) 6304/2020, W.P.(C) 6763/2020,
W.P.(C) 7233/2020, W.P.(C) 7454/2020, W.P.(C) 7742/2020,
W.P.(C) 8628/2020, W.P.(C) 8890/2020, W.P.(C) 8906/2020,
W.P.(C) 8907/2020, W.P.(C) 8935/2020, W.P.(C) 10064/2020,
W.P.(C) 10138/2020, W.P.(C) 10522/2020, W.P.(C) 10550/2020,
W.P.(C) 10796/2020, W.P.(C) 11179/2020,W.P.(C) 11216/2020.
Appearances:
For the petitioners: -
Mr. Mahesh Agarwal, Ms. Niyati Kohli, Mr. Pranjit Bhattacharya,
Advocates for Item No. 1, 5, 6, 13, 42, 43, 44, 45, 57, 58, 62, 65, 66.
Mr. Apoorv Agarwal, Mr. Manav Goyal, Mr. Simran Gill, Advocates in
item No. 2, 53.
Mr. Vijay K. Singh, Mr. Himanshu Dubey, Advocates in item No. 3.
Mr. Satish Rai, Mr. Manas Arora, Advocates in item No. 4, 18, 54.
Signature Not Verified
Digitally signed By:SHITU
NAGPAL
Signing Date:25.05.2022
19:05:22 W.P.(C) 306/2019 & Connected Matters Page 1 of 6
Mr. Vishal Kapoor, Advocate in item No. 7, 9, 11.
Mr. Dhananjay Kumar Singh, Mr. Avinash Kumar, Advocates in item
No. 10.
Mr. Dayan Krishnan, Sr. Adv. with Mr. Susmit Pushkar, Mr. Gaurav
Sharma, Ms. Bhavna Mishra, Advocates in item No. 15.
Mr. Manohar Malik, Ms. Nupur Maharaj, Advocates in item No.16, 67,
71.
Mr. Arvind Kumar Gupta, Advocate in item No. 29.
Ms. Priyadarshini Dewan & Ms. Aarohi Mikkilineni, Advocates in Item
Nos. 30, 60, 61.
Mr. Suraj Prakash, Mr. Mrinal Litoria & Ms. Priyanka Solanki,
Advocates in Item No. 19.
Mr. Rishi Raj Sharma & Mr. Rajeev Singh, Advocates in Item No. 51.
Mr. Aditya Dewan, Mr. Aditya Hooda, Mr. Vivek Kumar Mishra & Mr.
Sahil Chandra, Advocates in Item No. 28, 64.
Mr. Pratiti Rungta, Advocate in item Nos. 56, 22 and 23.
Mr. Kapil Mittal, Advocate in item Nos. 35 and 48.
Mr. Karan Nagrath, Ms. Uditi Khatter, Mr. Vipur Pankar Singh,
Advocates in item No. 36.
Mr. Aditya Dewan and Mr. Aditya Hooda, Advocates in item Nos. 28 and
64.
Ms. Shruti Kanodia Shrivastava, Mr. Anand Kumar Shrivastava, Ms.
Ishita Jain and Mr. Kumarjeet Ray, Advocates in item No. 20.
Ms. Jayashree Shukla Dasgupta and Ms. Rishika Ahuja, Advocates in
item, Nos. 8, 24, 49 and 50.
Ms. Geeta Luthra, Sr. Adv. with Ms. Reena Jain Malhotra, Ms. Asmita
Narula, Mr. Aairban Chanda, Advocates in item No. 72.
For the respondents: -
Mr. Gopal Jain, Senior Advocate with Mr. Ramesh Babu MR, Ms.
Manisha Singh & Ms. Nisha Sharma, Advocates for RBI/R-1 in Item
Nos. 1 to 72.
Mr. Rajiv Kapur & Mr. Akshit Kapur, Advocates for SBI in Item Nos. 2,
7, 9, 27, 28, 33, 57, 58, 64, 65, 67 & 71.
Ms. Jatinder Kaur, for UOI in item No. 3.
Mr. O.P. Gaggar, Mr. Sachindra Karn, Advocates for Union Bank of
Signature Not Verified
Digitally signed By:SHITU
NAGPAL
Signing Date:25.05.2022
19:05:22 W.P.(C) 306/2019 & Connected Matters Page 2 of 6
India in item Nos. 6, 35, 48, 50, 51, 63, 64.
Mr. Anupam Sharma, SPP with Mr. Prakarsh Airan, Ms. Harpreet Kalsi,
Advocates for CBI in item No. 7.
Mr. Naginder Benipal, SPC with Ms. Harithi Kambiri, Advocate for R-2
in item No. 12.
Mr. Mirza Amir Baig, Mr. Sarfaraz Khan, Advocates for UCO Bank in
item No. 13 and 34.
Mr. Krishan Kumar, Mr. Kartik Sarsoonia, Mr. Nitin Pal, Advocates for
Indian Overseas Bank in item Nos. 7, 12, 14, 21, 66.
Mr. V.K. Gupta, Mr. Sunil Shukla & Mr. Sumit Mishra, Advocate for
Bank of Maharashtra, Advocates in Item Nos. 1, 2, 30, 29, 57, 58, 60 &
61.
Mr. Mohit Uppal, Advocate for R-5 in item No. 9.
Mr. Abhishek Chakraborty, Mr. Santosh Kumar Rout, Ms. Radhika
Mohapatra, Advocates for PNB in item Nos. 15, 17, Bank of Maharashtra
16, for R- 3, 5, 6, 7, 8, 9 in item No. 26, for CBI and Axis Bank in item
No. 27, for Axis Bank in item No. 28, for Central Bank of India in item
No. 61.
Mr. Yashartha, Ms. Nishi Chaudhary, Advocates for PNB in item Nos.
19, 34, 46 and Bank of Baroda in item No. 34.
Mr. Arjun Krishnan, Mr. Ashwini Chawla, Ms. Krutika Gaur, Advocates
in item No. 20 for R-3.
Mr. Vikram Jetly, CGSC with Ms. Shreya Jetly, Advocate for R-1 in item
No. 20.
Mr. Rajiv Raj, Mr. Akhil, Advocates for R-4 in item No. 26.
Mr. Sunil Kumar Pandey, SPC with Mr. Rahul Mourya, Advocate in item
No. 27.
Mr. Dev P. Bhardwaj, CGSC for UOI with Ms. Anubha Bhardwaj, Mr.
Sarthak Anand, Advocates in item No. 33.
Mr. Shankar K. Sen, Advocate for R-3 in item No. 36.
Mr. Yashu Rustagi, Advocate for R-3/Indian Bank in Item No. 35, for R-
2/Bank of Baroda in Item No. 41, for R-1 & 2 in Item No. 57.
Mr. Saju Jakobs & Ms. Mili Verma, Advocates for Bank of India,
Advocates for Bank of India in Item Nos. 3, 4, 9 & 25.
Ms. Ekta Choudhary, Advocate for R-3 in Item no. 25.
Mr. Anil Soni, CGSC with Mr. Devesh Dubey, Advocates for UOI in
item No. 26, 27.
Mr. Arun Aggarwal, Advocate for Bank of Baroda in item No. 33.
Signature Not Verified
Digitally signed By:SHITU
NAGPAL
Signing Date:25.05.2022
19:05:22 W.P.(C) 306/2019 & Connected Matters Page 3 of 6
Mr. Vivek Singh, Ms. Akanksha singh, Ms. Aastha Tiwari, Advocates for
PNB in item No. 33.
Ms. Smarika Singh, Ms. Yashna Mehta, Advocates for R-2 in item No.
37.
Mr. Rajesh Kumar Gautam, AOR with Mr. Anant Gautam, Mr. Nipun
Sharma, Mr. Sachin Singh & Mr. Vidur Ahulwalia, Advocates for R-1 in
Item Nos. 40, 35, 38, 39, 42, 43, 52 and for R-2 in Item Nos. 59, for R-6
in Item No. 33
Mr. Amit Kumar Singh & Ms. Chubalemla Chang, Advocates for R-4 in
Item no. 36
Mr. Aditya Nautiyal, Advocate for ICICI Bank Ltd. in Item Nos. 2, 17,
24,47,52.
Mr. Rajeev Agarwal, Advocate for R-2 in item No. 29.
Mr. Tushar Mehta, SGI with Mr. Varghese Thomas, Mr. Dheeraj Nair,
Mr. Hormuz Mehta, Ms. Anjali Achavil, Ms. Avni Sharma, Mr. Ahsan
Allana, Advocates for R-1 in item Nos. 44 and 45.
Mr. Nishant Awana, Mr. Azmat H. Amanullah, Ms. Nitya Sharma, Mr.
Devansh Malhotra and Mr. Gaurav Shahi, Advocate for R-6 in item No.
47.
Mr. Rajeev Agarwal, Advocate for R-2 in item No. 29.
Mr. Vipin Jai, Mr. Ujjwal Goel, Advocates for BOI in item No. 30 and
35.
Mr. Sanjeev Sabharwal, SGC for UOI in item No. 31.
Mr. amrendra Kumar Singh, Ms. Vidhi Nigam, Advocates for R-5 in item
No. 35.
Mr. Rajiv Kapur and Mr. Akshit Kapur, Advocates for SBI in item Nos.
2, 7, 9, 27, 28, 33, 57, 58, 54, 65, 67 and 71.
Mr. Syed Arsalan, Mr. Prateek Khaitan, Advocates for R-14 in item No.
47, 64.
Mr. Kailash Sharma, Advocate for R-2 in item No. 54.
Mr. Sanjay Bajaj, Mr. Urwick Hans, Mr. Sagar Diwan, Advocates for
PNB in item Nos. 9 and 63.
Mr. Kuber Dewan, Ms. Neeharika Aggarwal, Ms. Trisha Raychaudhuri,
Advocate for R-2 in item No. 17.
Mr. Bhagwan Sawrup Shukla, CGSC with Mr. Sarvan Kumar, Advocate
for UOI in item No. 53.
Mr. Ravi Prakash, CGSC with Ms. Shruti Shivkumar, Mr. A. Hussain,
Mr. Anshuman Dasgupta, Mr. Taha Yasin, Advocates for UOI in item no.
Signature Not Verified
Digitally signed By:SHITU
NAGPAL
Signing Date:25.05.2022
19:05:22 W.P.(C) 306/2019 & Connected Matters Page 4 of 6
55, 68, 69.
Mr. Abhirup Dasguta and Ms. Bhawana Sharma, Advocate for Axis Bank
in item nos. 4, 6 for ICICI Bank in item Nos. 2, 64
Mr. Aman Raj Gandhi, Mr. Dharav Shah, Mr. Dhawal Desai, Advocates
for HDFC Bank in item No. 62.
Mr. Tushar Singh, Ms. Sugandha Virmani, Advocates for R-3 in item No.
63.
Mr. Kunal Tandon, Mr. Rishabh Gupta, Advocates for IOB in item Nos.
64, 68, 69, 70.
Mr. Deepak Kumar Vijay, Advocate for R-10 in item No. 64.
Mr. Sanjay Kumar Pathak, SPC for R-2 with Mr. Sunil Kumar Jha, Mr.
M.S. Akhtar, Mr. R.V. Tigga, Advocates in item No. 64.
Mr. Aayush P. Agarwala, Mr. Siddham Nahata, Advocates for Axis Bank
in item Nos. 63, 64.
Mr. Sanjay Kumar Pathak, SPC with Mr. K.K. Kiran Pathak, Mr. Sunil
Kumar Jha, Mr. M.S. Akhtar, Mr. R.V. Tigga, Advocates in item No. 64.
Mr. Rajesh Kumar Gautam, Mr. Anant Gautam, Mr. Sachin Singh, Mr.
Nipun Sharma, Mr. Vidur Ahluwalia, Advocates for respondent Bank in
33, 34, 38, 39, 40, 42, 43, 52 and 59.
Mr. Vivek Jain, Mr. Akankasha Singh, Advocate for R-6 in item no. 64.
Mr. Amrendra Kumar Singh, Ms. Vidhi Nigam, Advocates for R-1 in
item no. 72.
Mr. Vinod Diwakar, CGSC with Mr. Olson Nair, Advocate for UOI in
Item No. 70.
Mr. Kunal Sharma, in W.P.(C) 3924/2020.
CORAM:
HON'BLE MR. JUSTICE PRATEEK JALAN
ORDER
% 23.05.2022
1. In addition to the judgments already placed on record, Mr. Gopal Jain, learned Senior Counsel for the Reserve Bank of India, relies upon a judgment of Division Bench of Gujarat High Court dated 23.12.2021 in LPA 1043/2021 [Mona Jignesh Acharya and Others vs. Bank of India].
Signature Not Verified Digitally signed By:SHITU NAGPAL Signing Date:25.05.2022 19:05:22 W.P.(C) 306/2019 & Connected Matters Page 5 of 6Mr. Jain has also handed over a note regarding the judgments relied upon by him. These may be placed on record within one week in the file of W.P.(C) 306/2019.
2. Mr. Tushar Mehta, learned Solicitor General of India, has commenced his submissions on behalf of the Bank of Baroda in W.P.(C) 5280/2020 and W.P.(C) 5281/2020. The written note of submissions and compilation of judgments handed over by learned Solicitor General also be placed on record in the file of W.P.(C) 306/2019.
3. List on 13.07.2022.
4. A copy of this order be kept in all the petitions.
PRATEEK JALAN, J MAY 23, 2022 'pv/Bhupi/vp'/ Click here to check corrigendum, if any Signature Not Verified Digitally signed By:SHITU NAGPAL Signing Date:25.05.2022 19:05:22 W.P.(C) 306/2019 & Connected Matters Page 6 of 6