VIBHU BAKHRU, J.

1. The petitioner has filed the present petition, inter alia, praying as under:-

“A. An appropriate writ in the nature of Mandamus inter-alia directing the Respondent Banks to consider and accept the resolution plan and options put forth by the Petitioner Company for repayment of the total debt owned by the Petitioner Company;

B. An appropriate writ in the nature of Mandamus inter-alia directing the respondent banks to provide necessary guidelines and/or resolution plans conducive with the continuance of the daily business of the Petitioner Company, in case the resolution plan provided by the Petitioner Company is unacceptable to the Respondent Banks;”

2. The petitioner had availed of financial assistance from various banks, which are arrayed as respondents in the present petition. Admittedly, the petitioner has been unable to repay its debts due to various reasons, which the petitioner claims are beyond its control and/or occasioned by publication of false statements at the instance of two of its competitors.

3. Since the financial assistance extended to the petitioner exceeded `100 crores (thousand million), the respondent banks formed a Joint Lenders Forum (JL