JUDGMENT :

Heard learned advocate Mr. A.S. Panesar for the petitioners/applicants and learned advocate Mr. V.N. Sevak for the respondent.

Order in Special Civil Application :

1. Rule, returnable forthwith. Learned advocate Mr. Sevak waives service of notice of rule for the respondent.

2. Having regard to the controversy in narrow compass, with the consent of the learned advocates for the respective parties, the matter is taken up for hearing.

3. By this petition, under Articles 226 and 227 of the Constitution of India, the petitioners have prayed for the following reliefs:

“(A) To issue a writ of mandamus or any other appropriate writ, order or direction in the nature of mandamus or any other writ for directing the Respondent to implement the Restructuring Package already granted by the Respondent to the Petitioner No.1 vide Letter dated 30/03/2021 (Annexure-C) and to quash and set aside entire arbitrary and illegal measures initiated by the Respondent under the Securitisation Act.

(B) Pending admission, hearing and final disposal of this Petition be further pleased to direct the Re