ORDER :

Heard learned advocate Mr.Abhijeet S. Gathraj for the petitioners, learned Assistant Government Pleader Mr.Ayaan Patel for the respondent No.1 and learned advocate Mr.S.M.Gohil for the respondent No.2.

1. The petitioners have filed these petitions with the following prayers :

“A. YOUR LORBSHIPS may be pleased to admit and allow the present petition in the interest of justice.

B. YOUR LORDSHIPS may be pleased to issue a Writ of Mandamus or any other writ and quash and set aside the communication dated 06/09/2016 and 09/11/2019, at ANNEXURE-P and ANNEXURE Q hereto, and direct Respondent No. 2 to release the securities pledged and transfer the securities back to its erstwhile owners in the interest of justice.

C. During admission, pendency and final disposal of the present petition, YOUR LORDSHIPS may be pleased to direct the respondent no.2 not to sale, transfer and dispose-off the securities in the interest of justice.

D. Pass any such other and/or further order that may be thought just and proper, in the facts and circumstances of the present case;

E. Award cost of this Petition.”

2. The petitioners of both the petitions pertain to availing financial assistance from respondent No.2