Gangele, J. -- 1. Petitioners, who are citizens of Gwalior city, have filed this Public Interest Litigation mentioning the facts that thousands of residents of the district have been fraudulently cheated by various companies and their hard earned money has been misappropriated. The companies have been growing rapidly in the district and they have been receiving deposits from the citizens of the area in the name of various schemes. However, the real purpose of the companies is to receive deposits from the citizens and they promised the persons to give them higher return of interest from 15% to 20%. In order to carry out the aforesaid activities the companies have adopted various fictitious methods in the name of selling and purchasing of cattle, selling and purchasing of plots and selling and purchasing of other goods. However, in the books of the companies fictitious entries have been made and in the name of sale and purchase by way of sham transactions and the companies have been receiving deposits from the citizens with a promise to give regular interest or returns on the deposits. In doing so the companies have not taken any permission from the Reserve Bank of India and als