JUDGMENT

Achintya Malla Bujor Barua, J. - Heard Mr. A. Das, learned counsel for the petitioner. Also heard Mr. A. Ganguly, learned counsel for the respondent Punjab National Bank (PNB).

2. The cash credit account of the petitioner tea company with the respondent PNB is sought to be classified as Non Performing Asset (NPA) as per the letter dated 11.06.2020 of the Chief Manager of the respondent Bank.

3. Mr. A. Ganguly, learned counsel for the respondent Bank on the other hand makes a submission that infact the account had already been classified as NPA in the month of June 2020 itself. Be that as it may, as per the guidelines provided by the Reserve Bank of India bearing No.DBOD No.BP.BC/20/21.04.048/2001-2002, it is provided that the accounts of the nature which the petitioner tea company is having with the respondent Bank are liable to be reviewed/renewed from time to time and in the event it is not done so, upon expiry of the period of 180 days from the due date, it shall be treated as NPA. One of the requirement of review/renew of such cash credit accounts is that the bank would require the audited balance sheet of the account holder for necessary action for the purpose of revie