ORDER :

N.KIRUBAKARAN, J.

The petitioners have challenged the first respondent's letter dated 13.03.2019 by which it is informed that the identification committee and the review committee meeting held on 29.11.2018 and on 04.01.2019 had declared the petitioners as wilful defaulter.

2. The case of the petitioners is that the first petitioner has availed credit facilities from the first respondent and the same has been renewed and enhanced from time to time. The first petitioner was repaying the loan diligently without any default. However, due to recession in the power sector, the first petitioner suffered a setback in the business. Therefore, the first petitioner was declared as NPA. Even after declaring the first petitioner as NPA, the first petitioner continued to pay the loans by way of bank arrangement on the receivables.

3. When things stand so, the first respondent served notice on 10.08.2017 to the first petitioner calling upon the petitioner to show cause as to why the first petitioner's name should not be included in the list of wilful defaulters as per clause 1.1.3(b), 2.2.1(a) and 2.2.1(d) of Master Circular of the second respondent alleging.

(1). The first petitioner purchas