JUDGMENT :

SENTHILKUMAR RAMAMOORTHY J.

(Prayer : Petition filed under Article 226 of the Constitution of India praying to issue a writ of Declaration to declare the impugned Master Circular – Basel III Capital Regulations issued by First Respondent Reserve Bank of India dated 01.07.2015 bearing RBI/2015-16/58 DBR No.BP.BC.1/21.06.201/2015-16 insofar as it relates to issuance and write off of Additional Tier 1 Capital Bonds, as ultra-vires, without authority of law, unconstitutional, void, invalid in law being violative of Articles 14,19,21, 253 and 300-A of Constitution of India, 1949, and being contrary to, including but not limited to, provisions of The Companies Act, 2013 (r/w 1956), the Indian Contract Act 1872 and the Transfer of Property Act, 1881 and also to consequently declare all proceedings issued by Reserve Bank of India dated 01.07.2015 bearing RBI/2015-16/58 DBR No.BP.BC.1/21.06.201/2015-16 insofar as it relates to issuance and write off of Additional Tier 1 Capital Bonds as null.)

THE PREFACE

1. Capital adequacy has long been considered of paramount importance to the sta