IN THE HIGH COURT AT CALCUTTA (Constitutional Writ Jurisdiction)

APPELLATE SIDE Present:

The Hon’ble Justice Krishna Rao W.P.A. No. 11390 of 2024 Hemant Kanoria & Anr.

Vs.

Karnataka Bank Limited Mr. Ratnanko Banerjee, Sr. Adv. Mr. Jishnu Chowdhury, Sr. Adv.

Mr. Deepan Kumar Sarkar Mr. Soumalya Ganguli Mr. Naman Chowdhury Mr. Shubrojyoti Mookherjee Mr. Samriddha Sen ....For the petitioners.

Mr. Dhruv Dewan Mr. Deepanjan Dutta Roy Ms. Arushi Chandra Mr. Udbhav Nanda Ms. Sanjana Jha Ms. Rashi Sharma Ms. Aditi Rathore ….For the respondent.

Hearing Concluded On : 14.01.2026 Judgment on : 10.02.2026 Krishna Rao, J.:

1. The petitioners have challenged the show cause notices dated 19th March, 2024 wherein the respondent has directed the petitioners to show cause as to why the accounts of the petitioners shall not be declared as “fraud” under the Reserve Bank of India Master Directions.

2. Mr. Ratnanko Banerjee along with Mr. Jishnu Chowdhury, Learned Senior Advocates representing the petitioners submit that the respondent failed to serve the documents on the basis of which the impugned notices have been issued. He further submits that no Forensic Audit Report is served upon the petitioners before i