Delhi High Court - Orders
Adigear International & Ors vs Punjab National Bank & Anr on 28 January, 2026
Author: Jasmeet Singh
Bench: Jasmeet Singh
$~85
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ W.P.(C) 993/2026, CM APPL. 4815/2026, CM APPL. 4813/2026
ADIGEAR INTERNATIONAL & ORS. .....Petitioners
Through: Mr. J P Sengh Sr. Adv with Mr.
Hrishikesh Baruah Advocate and
Shubham Agarwal Advocate
versus
PUNJAB NATIONAL BANK & ANR. .....Respondents
Through: Mr. Santosh Kumar Rout standing
counsel for PNB
Adv. Mr. Dhaval Mehrotra & Adv.
Ms. Aditi Desai for R-2
CORAM:
HON'BLE MR. JUSTICE JASMEET SINGH
ORDER
% 28.01.2026 CM APPL. 4814/2026 Exemption allowed, subject to all just exceptions. The application is disposed of.
W.P.(C) 993/2026
1. This is a writ petition filed under Article 226 of the Constitution of India seeking the following prayers:
"a) Issue a Writ, Order or Direction in the nature of Certiorari for Quashing/Setting aside of the Order dated 04.12.2025 and Intimation dated 12.12.2025 (both received on 19.12.2025) whereby the accounts of the Petitioners have been declared as 'Fraud' in derogation to the mandate of RBI Master Directions on Fraud Risk Management, 2024 read with Judgment passed by the This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 30/01/2026 at 20:42:48 Hon'ble Supreme Court of India in "State Bank of lndia & Ors. vs. Rajesh Agarwal & Ors (reported in 2023 6 SCC 1)" and for setting aside/quash all consequential steps undertaken by the Respondent No. 1, in terms thereof and,
b) Issue a Writ, Order or Direction in the nature of Mandamus directing the Respondents to remove the name of the Petitioners from RBI Central Fraud Registry..."
2. Mr. Sengh, learned Senior Counsel for the petitioner, states that the order declaring the petitioner as fraud is non-speaking and without any material.
3. For the said reasons, issue notice.
4. Mr. Rout, learned counsel accepts on behalf of the respondent No. 1 i.e. Punjab National Bank. Ms. Desai, learned counsel accepts notice on behalf of the respondent No. 2 i.e. Reserve Bank of India, they seek and is granted time to file a reply before the next date of hearing.
5. List on 13.02.2026.
JASMEET SINGH, J JANUARY 28, 2026/DM This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 30/01/2026 at 20:42:48