Judgment

B.N. MAHAPATRA, J.

This Writ Petition has been filed with a prayer to protect the deposits, investments made by members of the Petitioner-Trust and similarly situated other investors and to issue a writ of mandamus and/or any other appropriate writ/order/direction to opposite parties 2 to 7-Banks to give refund and recovery of the investments/deposits made by the public investors on due production of their receipts.

2. Petitioners’ case in a nutshell is that petitioner No.1 in the writ petition is a registered Trust of duped and gullible thousands and thousands of investors of Karnataka, Tamil Nadu and Andhra Pradesh, who have invested their money with M/s Fine Indisales Pvt. Ltd. through opposite party-Banks, i.e., ICICI Bank, Axis Bank, HDFC Bank, YES Bank and IDBI Bank (opposite parties 2 to 6). Petitioner No.2 is the President of petitioner No.1-Trust. Members of the Trust, who are the investors, are poor people of the society working as rickshaw pullers, taxi drivers, shopkeepers, Class-IV employees of private companies, hotels and other establishments, tea-shop owners, cabin holders etc., who invested their life savings with a hope of getting effective and speedy retur