JUDGEMENT

1. The petitioners are invoking the extraordinary jurisdiction of this Court under Article 226 of the Constitution of India, seeking issuance of appropriate writ, order or direction, thereby quashing or setting aside the impugned Show Cause Notice [“ SCN ”] dated 19.06.2024 issued by the respondent-bank. The following reliefs are sought in the present writ petition:-

“ A. Issue a writ of Certiorari or any other appropriate writ, orderor direction quashing the Impugned Notice dated19.06.2024 issued by the Respondent Bank being Ref No.IDBI/2024-

25/NMG/EPCCIL/184 and Impugned Noticedated 19.06.2024 issued by the Respondent Bank being RefNo. IDBI/2024-

25/NMG/EPCCIL/185 as illegal, invalidand null and void;

B. Issue a Writ of Certiorari or any other appropriate writ,order or direction quashing any steps/action taken pursuantto the Impugned Notice dated 19.06.2024 issued by theRespondent Bank being Ref No. IDBI/2024-25/NMG/EPCCIL/184 and Impugned Notice dated19.06.2024 issued by the Respondent Bank being Ref No.IDBI/2024-25/NMG/EPCCIL/185; and C . Pass any other order(s) as this Hon'ble Court may deem fitand proper in the facts and circumstances of the case