1. The petitioner Nadar Mahajana Sangam, Madurai claiming itself as the apex body of Nadar Mahamais (Associations) spread all over India, registered itself under he Societies Act, filed the present writ petition seeking or the relief of issuance of a writ of mandamus forbearing he first respondent – Reserve Bank of India and the second respondent – the Tamil Nadu Mercantile Bank Limited a private bank incorporated under the provisions of Companies Act, from effecting transfer or allow private respondents No.3 to 5 to deal with 95,418 shares in an manner by contending that the second respondent Bank had been created to foster and develop the resources of the community or class called “Nadars” and the Bank is acting against the purpose for which it was created, that one Essar group with the object of taking over the management of the second respondent bank entered into a memorandum of undertaking with its shareholder to buy 67% of its shares in the names of seven companies. Such an undertaking was against the Reserve Bank of India guidelines and as such permission has not been granted for transfer of the names by the first respondent. The petitioner also referred to several