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2006 Supreme(All) 723

AJOY NATH RAY, SUNIL AMBWANI, ASHOK BHUSHAN
SUO MOTO ACTION TAKEN BY THE COURT – Appellant
Versus
I. C. I. C. I. BANK LTD. , ALLAHABAD – Respondent


Advocates:
Counsel :
None for the Petitioner; Shashi Nandan, V.P. Srivastava, Yashwant Verma, Sushil Shukla, Pakaj Srivastava and Manish Trivedi for the Respondents.

JUDGMENT

Hon’ble Ajoy Nath Ray, CJ.—This is a reference made by an order of an Hon’ble Division Bench passed on the 9th of September, 2005.

2. The reference was made in a Habeas Corpus Writ Petition No.58318 of 2005. In the first two paragraphs of the referring judgment, their Lordships said as follows :

“Today we have dismissed the Habeas Corpus Petition No.58318 of 2005: Rakesh Mehta and others v. State of U.P. and others as infructuous.

From the averments made in the petition and supplementary affidavit filed by ICICI Bank Ltd., some questions of larger public importance have arisen. This Court cannot lose sight of day to day happenings in the society. Therefore, we have taken suo motu cognizance of the matter on the facts that have been brought on record in the aforesaid Habeas Corpus Petition and Supplementary Affidavit”.

3. In the concluding portion where the reference was ordered, their Lordships said as follows :

“Shri V.P. Srivastava, learned counsel for the respondents has vehemently urged that this court may direct for CBI enquiry and then it would be revealed that in State of U.P. collection agency has been granted by ICICI Bank only to muscle men and bullies who are nothing













































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