JUDGMENT :

1. By this Writ Petition, the Petitioners are seeking a direction to the Central Government and Reserve Bank of India to enforce the Notification (‘MSME Notification’) dated 29th May, 2015 and further ensure that the recovery action initiated against the Petitioners that is stated to be in violation of the mandate of the MSME Notification is recalled. The Petitioners have accordingly sought to restrain further action being taken by the Respondent Nos.1 to 3 (“Respondent – Bank”) under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short “SARFAESI Act”) for enforcement of its security interest.

2. Petitioner No.1 is stated to be a private limited, small manufacturing company registered as a Micro, Small and Medium Enterprise (MSME) Unit under the Micro, Small and Medium Enterprises Development Act, 2006 (for short “MSMED Act”) and is claiming entitlement to the benefits of the MSMED Act read with the MSME Notification dated 29th May, 2015. The Petitioners have relied upon the Petitioner Company’s MSME Udyog Aadhaar Registration Certificate dated 6th September, 2019 annexed at Exhibit ‘A’ to the Petition and Peti