Ritesh Kumar Agarwal vs IDBI Bank - 2024 Supreme(Telangana) 327

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2024 Supreme(Telangana) 327

SUREPALLI NANDA
Ritesh Kumar Agarwal – Appellant
Versus
IDBI Bank – Respondent

Advocates:
Advocate Appeared:
For the Petitioner: S. Raja Gopalan.
For the Respondent: V.V.S.N. Raju.

ORDER :

1. Heard Mr S.Rajagopalan, learned counsel appearing on behalf of the petitioners and Mr V.V.S.N.Raju, 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 herein as wilful defaultee by Wilful Defaulter Identification Committee vide order No. WDC/25/(FR22)/RIL, dated 12.08.2021 and consequential order of the Wilful Defaulter Review Committee vide order No. WDRC/19/(FY2021-2022)/RIL, dated 08.11.2021.”

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 No. L17116TG2004PLC044053 and the Respondent No. 1 had classified the account of Rajvir Industries Limited as a Non-Performing Account on 29.06.2014.

(b) Thereafter, the State Bank of India in the month of Sept