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2021 Supreme(Telangana) 307

SATISH CHANDRA SHARMA, N. TUKARAMJI
Shree Saraiwwalaa Agrr Refineries Limited – Appellant
Versus
Union of India – Respondent


Advocates:
Advocate Appeared:
For the Appellant : Kailash Nath P S S
For the Respondent: Namavarapu Rajeshwar Raoassgi

ORDER :

Satish Chandra Sharma, J.

1. Regard being had to the similitude in the controversy involved in the present cases, the writ petitions were analogously heard and by this common order, they are being disposed of by this Court.

2. The petitioner is common in all the three writ petitions. The facts of W.P.No.22588 of 2019 reveals as follows:-

    The petitioner, a company registered under the Companies Act, has filed the present writ petitions being aggrieved by the action of the respondent No.3/Andhra Bank (now merged with Union Bank of India) in declaring the petitioner’s account as ‘fraud’ and is also aggrieved by the Master Circular issued by the Reserve Bank of India, dated 01.07.2016 as violative of principles of natural justice and fair play.

3. The petitioner has prayed the following reliefs:

    “In these circumstances and for the reasons stated above, it is prayed that this Hon’ble Court may be pleased to pass an order or direction or any other proceedings one in the nature of Writ of Mandamus declaring the action of 3rd respondent in declaring the petitioner as ‘Fraud’ as arbi

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