S.M.SUBRAMANIAM
Best & Crompton Engineering Project Limited, Rep by its Managing Director, Nungambakkam – Appellant
Versus
Corporation Bank, Rep. By its Chairman and Managing Director, Corporate Banking Branch, Chennai – Respondent
JUDGMENT
(Prayer: Writ Petition filed Under Article 226 of the Constitution of India, to issue a Writ of Certiorari, to call for the records on the file of the respondents and to quash the impugned order in OR:ADV:245:2014-15 dated 6.9.2014 passed by the 3rd respondent.)
The relief sought for in all the present writ petitions is to quash the impugned order passed by the 3rd respondent in proceedings in OR:ADV:245:2014-15 dated 06.9.2014.
2. The writs on hand have been instituted, questioning the validity of the order dated 06.09.2014 passed by the third respondent, declaring the writ petitioners as “Wilful defaulters”.
3. The petitioners are Best & Crompton Engineering Project Limited, Represented by its Managing Director, and its Board of Directors. The history as narrated in the affidavit regarding the formation and development of the Company may not require an adjudication in the present writ petitions as the order under challenge is the order passed by the respondent-Corporation Bank, now amalgamated with the Union Bank of India, declaring the petitioners as 'Wilful defaulters'.
4. The learned counsel for the petitioners mainly contended that the procedures followed for declaring th
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