Ravindra Pratap Singh vs Reserve Bank of India

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(Cal) 588

IN THE HIGH COURT AT CALCUTTA
SABYASACHI BHATTACHARYYA, SUPRATIM BHATTACHARYA
Ravindra Pratap Singh – Appellant
Versus
Reserve Bank of India – Respondent

Advocates Appeared:
For the Appellant : Mr. Abhrajit Mitra, Sr. Adv. Mr. Jishnu Chowdhury, Sr. Adv., Mr. Chayan Gupta, Mr. Satadeep Bhattacharyya, Mr. Pourush Banerjee, Mr. Abhijit Sarkar
For the Respondent: Mr. Debnath Ghosh, Sr. Adv., Mr. Nishi Bhankharia, Ms. Kaazvin Kapadia, Mr. Suryaneel Das, Mr. Siddharth Ranade, Mr. Anirban Roy, Sr. Adv., Mr. Suddhasatva Banerjee, Mr. Sankarsan Sarkar, Mr. Debartha Chakraborty, Mr. Shayak Mitra, Ms. Siddhi Agarwal, Mr. Ranjan Bachawat, Sr. Adv., Mr. Subhankar Nag, Mr. Sanjiv Kr. Trivedi, Mr. Sayan Bandyopadhyay Mr. Soumya Roy Chowdhury, Mr. Sanket Sarawgi, Mr. Satyaki Mukherjee, Ms. Yukti Agarwal Mr. Bhavesh Garodia

Table of Content
1. background of the appeal regarding account freezing. (Para 1 , 2 , 3)
2. contempt application and procedural directions. (Para 4 , 5 , 6 , 7)
3. arguments against the legality of the injunction. (Para 9 , 10 , 12 , 13 , 15)
4. authority of the bank to act on account freeze. (Para 18 , 19 , 21)
5. discrepancies in the basis for bank's freezing action. (Para 30 , 31 , 32)
6. legal standing of directors removed from company. (Para 39 , 40)
7. judgment on procedural impropriety in rulings. (Para 42 , 45 , 46)
8. ruling on the appeals and procedural orders. (Para 49 , 50)

JUDGMENT :

Sabyasachi Bhattacharyya, J.

1. The present appeals arise out of a common order passed in connection with three different applications. The backdrop of the case is that WPA No. 6088 of 2025 was filed under Article 226 of the Constitution of India by the present appellant against an order whereby the bank accounts of the appellant no.2-Company, of which the appellant no.1 is the director, was frozen by the respondent no.2, that is the Axis Bank Limited.

2. Upon the said decision being taken by the Bank, the appellants moved the banking Ombudsman of the Reserve Bank of India (RBI), the first respondent

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2026 Supreme(Cal) 588

IN THE HIGH COURT AT CALCUTTASABYASACHI BHATTACHARYYA, SUPRATIM BHATTACHARYARavindra Pratap Singh – AppellantVersusReserve Bank of India – Respondent

IN THE HIGH COURT AT CALCUTTA
SABYASACHI BHATTACHARYYA, SUPRATIM BHATTACHARYA
Ravindra Pratap Singh – Appellant
Versus
Reserve Bank of India – Respondent