Moushumi Bhattacharya, J.—The instant writ petition has been filed by the petitioner Nos. 1 to 4 being the directors of R. Piyarelall Import & Export Limited (hereinafter referred to as the “said Company”). The petitioners no. 5 & 6 are the guarantors of the financial assistance received by the Company from the State Bank of India / respondent no. 1. The main prayer in the writ petition is for an injunction restraining the respondent authorities from giving any effect to a letter dated 19.11.2014 by which the respondent no. 1 has alleged breach on the part of the petitioners of the terms of the loan covenants entered with the State Bank of India and has threatened to publish photographs, names and addresses of the petitioners in leading newspapers.

2. From the statements made in the writ petition it appears that the Company obtained credit facilities for its business from SBI/respondent no. 1 and the financial assistance granted to the company was enhanced from time to time; the last revision being made in 2012. From the writ petition, it is evident that no statements have been made with regard to the alleged defaults of the loan covenants on the part of the Company save and