ORDER :

Nagesh Bheemapaka, J.

This Writ Petition is a checkered litigation. The factual matrix of the case is that petitioner is the Managing Director of PCH Group of Companies i.e. PCH Corporation Limited, PCH Lifestyle Limited and PCH Retail Limited. The said companies are engaged in the business of importing Electronics Goods like Laptops, Mobiles, Furniture and Consumer durables from various countries and to carry the business activities, petitioner he has to travel abroad.

1.1. It is stated, the above companies had availed loan/credit facility from various Banks and defaulted in repayment. Hence, petitioners accounts were declared as NPA in 2013. Consequently, the Banks have lodged complaints/reports with CBI at Chennai, Bangalore and Hyderabad.

1.2. It is stated, based on the report of Punjab and Sind Bank, George Town Br, Chennai, CBI, Economic Offences Wing, Chennai registered R.C. No. 10/E/2014 under Sections 420, 468 and 120(B) IPC. and petitioner was arrested on 09.06.2015 and was later enlarged on bail on 22.06.2015 by Madras High Court. The CBI-EOW/Chennai addressed letter to the Regional Passport Officer, Hyderabad to impound petitioner's passport bearing No. 22507790 dat