( 1 ) THIS writ petition has been filed by one Dr. T. K. Srinivasulu with the following prayer:. . . . . . . . TO issue a writ of mandamus or any other appropriate writ, order or direction, declaring the action of the 3rd to 9th respondent-Banks in charging 60 to 84% per annum as interest and other charges as unauthorized, illegal and void and consequently to direct the 1st, 2nd and 10th respondents to ensure the 3rd to 9th respondents to refund all the excess interest and other charges collected from the credit card holders by recasting their credit card accounts in addition of the interest @ 22% per annum from 1994 to 1998 as per the Special Banking Services Regulations and in addition of the interest @ 12% per annum from 1-1-1999 as per Prime Lending Rate, Interest Act, Money Lending Act and pass such other order or orders at this Hon ble Court may deem fit and proper in the circumstances of the case.

( 2 ) A general statement has been made by the petitioner that the respondent-Banks are charging interest @ 60% to 84% p. a. which, according to the petitioner, is unauthorized and illegal and consequently he seeks directions to the respondents as above. It is not the case of the p

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