Ritesh Kumar Agarwal vs State Bank of India - 2024 Supreme(Telangana) 326

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2024 Supreme(Telangana) 326

SUREPALLI NANDA
Ritesh Kumar Agarwal – Appellant
Versus
State Bank of India – Respondent

Advocates:
Advocate Appeared:
For the Petitioner: S. Raja Gopalan.
For the Respondent: Srinivas Chitturu.

ORDER :

1. Heard Mr S.Rajagopalan, learned counsel appearing on behalf of the petitioners and Mr Srinivas Chitturu, learned standing counsel appearing on behalf of the respondents.

2. The petitioners approached the Court seeking payer as under:

“to issue any writ or order or direction more particularly one in the nature of writ of Certiorari and call for the Records pertaining to Declaration of petitioners vide orders No. SBI/SAMB/SEC/JVK/LRS/2020-2021/287, dated 28th July 2021 passed by Wilful Defaulter Identification Committee (Second Respondent herein) and consequential orders passed vide order dated 23.02.2022 by Wilful Defaulter Review Committee (3rd respondent herein) and quash the aforementioned orders declaring the petitioners as Wilful Defaulters.”

3. The case of the petitioners as per the averments made by the petitioners in the affidavit filed by the petitioners in support of the present writ petition is as under:

(a) The 1st and 2nd Petitioner herein are suspended promoters of Rajvir Industries Limited, a company incorporated under companies act and having Corporate Identification Number L17116TG2004PLC044053 and the Respondent No. 1had classified the account of Rajvir Indus