IN THE HIGH COURT OF JUDICATURE AT CALCUTTA CIVIL APPELLATE JURISDICTION APPELLATE SIDE RESERVED ON: 08.07.2025 DELIVERED ON: 01.08.2025 PRESENT:

THE HON’BLE MR. JUSTICE TAPABRATA CHAKRABORTY AND THE HON’BLE MR. JUSTICE REETOBROTO KUMAR MITRA MAT 524 OF 2025 WITH IA NO. CAN 1 OF 2025 SANJAY JHUNJHUNWALA - VERSUS –

RESERVE BANK OF INDIA & ORS.

Appearance:

Mr. P. Chidambaram, Sr. Advocate, Mr. T. Shatnagen, Adv.

Mr. Aditya Kanodia, Adv.

Mrs. Shreya Trivedi, Adv. .... For the Applicant/Petitioner Mr. Jaideep Gupta, Sr. Advocate, Ms. Suchishmita Ghosh, Adv. … For the respondent nos. 1 and 2 Mr. Arijit Chakraborti, Adv. Mr. Debsoumya Basak, Adv.

Ms. Swati Kumari Singh, Adv. … For the respondent nos. 3 and 4 Reetobroto Kumar Mitra, J.:

1. The present appeal challenges an order passed by a learned Single Judge on 1st April, 2025, dismissing the Writ Petition filed by the appellant herein. The primary prayer in the Writ Petition was that the writ petitioner be permitted to renew the compounding application made by him, thereby quashing the rejection of the compounding application on 11th September, 2024.

2. The facts in a nutshell are:-

a. The petitioner utilised the liberalised remittance scheme be