Hon’ble Tarun Agarwala, J.—The petitioners have prayed for the quashing of the order dated 11.12.2013 passed by the Assistant General Manager, State Bank of India rejecting the petitioners’ application for restructuring the Cash Credit Limit. The petitioners have also prayed for a writ of mandamus commanding the State Bank of India to restructure the Cash Credit Limit and grant concessionary rate of interest, as per the guidelines issued by the Reserve Bank of India and circulars issued by the State Bank of India from time to time.

2. The facts leading to the writ petition is, that the petitioners’ Company is a Private Limited Company incorporated under the Indian Companies Act and is engaged in the business of distribution of Mico Bosch automobile parts, Reliance Handset and recharge vouchers. It transpires that the Bank sanctioned a Cash Credit Limit to the tune of Rs. 156.00 lacs in August, 2006 for the purpose of meeting the working capital requirements of the company under the “Trader Easy Loan Scheme” floated by the Bank. It is alleged that on account of recession in the automobile and telecommunication industry, the Cash Credit Limit granted by the respondent Bank c