Sulaiman Badusha.A v. Reserve Bank of India

O R D E R [Order of the Court was made by R.SUBRAMANIAN, J.] The second respondent is a private Finance Company. We do not think that we can entertain such a writ petition under Article 226 of the Constitution of India and direct waiver of the loan. Hence, this writ petition fails and it is dismissed. No costs.

[R.S.M., J.] [L.V.G., J.]

28.04.2023 NCC : Index : Internet :

krk R.SUBRAMANIAN , J . and L.VICTORIA GOWRI , J . krk

28.04.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 28.04.2023 CORAM: THE HONOURABLE MR.JUSTICE R.SUBRAMANIAN and THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI Sulaiman Badusha.A ... Petitioner -vs- 1.Reserve Bank of India Rep.by its Regional Manager 16, Rajaji Salai Fort Glacis, Chennai Tamil Nadu 2.The Authorised Officer Reliance Commercial Financial Ltd. Ampa Manor 107/2, 3rd Floor, Nelson Manickam Road Aminjikarai, Chennai-29 ... Respondents PRAYER: Petition filed under Article 226 of the Constitution of India, to issue a writ of mandamus directing the respondents to accord the benefit of waiver / write off to the petitioner as per the RBI Master Circular – Prudential norm on income recognition asset classification and provisioning pertaining to advances (RBI 2021-22/104), dated 01.10.2021 by considering petitioner's representation dated 20.09.2022 in light of the said master circular, within the time stipulated by this Court. For Petitioner : Mr.M.Mahaboob Athiff For Respondents : Mr.M.Karthikeya Venkatachalapathi Central Government Standing Counsel for R1