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CALCUTTA HIGH COURT
Krishna Rao, J
Bizitza Retail Ventures Private Limited – Appellant
Versus
Central Bank of India – Respondent
| Table of Content |
|---|
| 1. framework for loan management for msmes. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8) |
| 2. parties' arguments on framework application. (Para 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16) |
| 3. court's analysis on procedural adherence. (Para 17 , 20 , 21 , 22 , 23 , 24) |
| 4. obligations of banks and borrowers under framework. (Para 18 , 19 , 25) |
| 5. writ application disposition ordered. (Para 26) |
JUDGMENT :
Krishna Rao, J.
1. The petitioners have filed the present writ application praying for a Mandamus upon the respondent nos. 1, 2 and 3 to act in terms of the Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises dated 29th May, 2015 and 17th March, 2016 and the Master Direction for Lending to Micro, Small and Medium Enterprises Sector dated 21st July, 2016.
2. The petitioner no.1 is a registered Micro Enterprises, having Registration No. UDYAM-WB-10-0023419. The petitioner no. 1 has availed Cash Credit Facilities of Rs. 4,95,00,000/- from the respondent no.1 bank. The petitioner nos. 4 and 5 are guarantors of the petitioner no.1 of the said Cash Credit Facilities.
3. By a notice dated 24th June, 2025, the respondent no.1 has informed the petitioner no.1 that the cash
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