SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2021 Supreme(Jhk) 96

SUJIT NARAYAN PRASAD
Orchid Mutual Benefit Limited – Appellant
Versus
State of Jharkhand – Respondent


Advocates Appeared:
For the Petitioners: Mr. Mahesh Tewari, Adv., Mr. J. S Tripathi, Adv.
For the State : Mr. Ashok Kumar Singh, A.C to S.C (L & C) III
For the SEBI : M/s Anil Kumar Sinha (Sr. Adv.) & Abhishek Sinha, Adv.
For the RBI : Mr. Pandey Neeraj Rai, Adv.

JUDGMENT :

1. The matter has been heard through video conferencing with the consent of the learned counsel for the parties.

2. In both the writ petitions since involved similar issue, as such, the same have been ordered to be heard together, accordingly, the matters are heard and are being disposed of by this common order.

3. The prayers have been made for direction in the nature of writ of mandamus to allow the petitioners to continue its lawful business from the concerned officer and not to interfere with in any manner in continuing the lawful business which had been sealed by the concerned authority without serving any proper notice and without giving any opportunity to the representative of the petitioners to place their defence.

4. The brief facts of the case as per the pleading made in the writ petitions are required to be enumerated herein which reads as hereunder:-

The petitioners’ companies (W.P.(C) No.1962 of 2013) herein are doing the business i.e., long and short term deposits, recurring, fixed deposit scheme and other financing scheme by following the lawful financing procedure from all their branches, zonal and corporate offices. So far as petitioner’s company in W.P.(C) N

    Click Here to Read the rest of this document
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    SupremeToday Portrait Ad
    supreme today icon
    logo-black

    An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

    Please visit our Training & Support
    Center or Contact Us for assistance

    qr

    Scan Me!

    India’s Legal research and Law Firm App, Download now!

    For Daily Legal Updates, Join us on :

    whatsapp-icon telegram-icon
    whatsapp-icon Back to top