1. The petitioner has come forward to challenge the minutes of meeting of the second respondent, Industrial Development Bank of India Ltd., Redressal Committee, dated 16.12.2009 and the consequential order of the first respondent, i.e., Industrial Development Bank of India (for short IDBI), dated 15.2.2010.

2. The impugned order dated 15.02.2010 came to be passed pursuant to the petitioner moving this court with W.P.No.13178 of 2009, dated 27.8.2009. By the aforesaid writ petition, the petitioner company, i.e., M/s.Paramount Airways Pvt. Limited, of which the petitioner is the Chairman and Managing Director, has sought to set aside the order dated 28.5.2008 and also not to report the petitioner as a willful defaulter to the Reserve Bank of India and CIBIL or any other person as willful defaulter on the grounds stated in the letter of the respondent dated 19.6.2009. In the letter dated 19.6.2009, the petitioner was informed that pursuant to the Facility Agreement entered with the respondent Bank and various instruments signed, the petitioner was directed to pay interest and other charges. But they had failed and neglected to pay the same and committed defaults in perform