JUDGMENT

M.L. Mehta, J.

1. The plaintiff has filed the instant suit seeking permanent and mandatory injunction and in the alternative, recovery of Rs. 29,52,954.67 (Rupees Twenty Nine Lakh Fifty Two Thousand Nine Hundred Fifty Four and Sixty Seven Paise). The brief facts are that the plaintiff company Maharishi Solar Tech Pvt. Ltd. is incorporated under the Companies Act, 1956 and engaged in the manufacture, production, development, import/export etc. of all instruments, machines and appliances for use with solar energy and any other conventional energy. Defendants no. 1 to 5 are the bankers of the plaintiff company, and defendant no. 6 is the Employees State Insurance Corporation (ESIC).

2. It is the plaintiff's case that a letter dated March 7, 2005 was issued to them by defendant no. 1 stating that the latter had marked a debit freeze with regard to A/c. No. 004605001120 amounting to the suit amount. It is alleged that defendant no. 6 had issued the Recovery Notice No. K/CO/CP2-2574-21-17499-90 dated March 7, 2005 to defendant no. 1 for recovering alleged dues of Rs. 68,80,200/- (Rupees Sixty Eight Lakh Eighty Thousand Two Hundred only) from the company named Maharishi Ayurv