$~55 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of decision: 9^th July, 2024 + W.P.(C) 10526/2019 & CM APPL. 36504/2024 MANIK AGGARWAL AND ANR. .....Petitioners Through: Mr. Dayan Krishnan, Sr. Adv.

along with Mr. Aditya Dewan & Mr. Parth Tiwari, Advs.

versus CANARA BANK AND ORS. .....Respondents Through: Mr. Premtosh K. Mishra, Mr.

Manish Vashisht & Mr. Vikramaditya Pandey, Advs.

for R1.

Mr. Rajesh Kumar Gautam, Ms. Shivani Sagar, Mr. Anand Gautam, Mr. Kushagra Nilesh Sahay, Advs.

CORAM:

HON'BLE MR. JUSTICE DHARMESH SHARMA DHARMESH SHARMA, J. (ORAL)

1. Learned counsel for the respondent no. 1 bank appears on advance notice and submits that the Court may pass appropriate directions as per the law. Learned counsels for respondent no. 2 & 3 although have given their attendance are not present.

2. Having heard learned counsels for the parties, it is clear that the declaration of „Fraud‟ on the petitioners‟ account, who are the suspended directors of the respondent no. 11 company, by the respondent banks no. 1 to 3 is clearly in violation of the judgment Signature Not Verified Digitally Signed By:PRAMWODP (C) 10526/2019 Page 1 of 7 passed by the Supreme Court in the case of State Bank of I