$~19 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 9446/2019 & CM APPL. 38858/2019 J. K ARORA AND ANR. ..... Petitioners Through: Mr.Sameer Rohatagi with Mr.Manohar Malik, Mr.Kartikey Singh & Mr.Prateek Chauhan, Advocates versus RESERVE BANK OF INDIA AND ORS. ..... Respondents Through: Ms. Nisha Sharma, Ms.Manisha Singh, Advocates for R-1.

Mr. Hashmat Nabi with Ms. Dima Kaur, Advocates for R-2.

Mr. Santosh Kumar Rout, Standing Counsel with Mr. Abhishek Chakrabortyand Mr.Pawan Kumar Dhiman, Advocates for R-3.

% Date of Decision: 25^th April, 2023 CORAM:

HON'BLE MR. JUSTICE MANMOHAN HON'BLE MR. JUSTICE SAURABH BANERJEE

J U D G M E N T

MANMOHAN, J: (ORAL)

1. Present writ petition has been filed challenging legalityand validityof the circular dated 1^st July, 2016 bearing number DBS.CO.CFMC.BC. No.1/23.04.001/2016-17 issued by the Respondent No.1-Reserve Bank of India to the extent it violates Article 14 of the Constitution of India as well as the decision/order of the Respondent-Banks declaring and categorising and reporting the accounts of the petitioner as ‘fraud’.

Signature Not Verified Digitally Signed By:JASWANT

2. On the last date of hearing, the present matter was adjourned to awa