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* IN THE HIGH COURT OF DELHI AT NEW DELHI

Judgment reserved on: 31.05.2025

% Judgment delivered on: 17.11.2025

+ W.P.(C) 14908/2024

HAMDARD EDUCATION SOCIETY & ANR. .....Petitioners

Through: Mr. Maninder Singh, Senior Advocate with Mr. Saket Sikri, Mr.

Vikalp Mudgal, Mr. Ajay Pal Singh Kuhar, Mr. Prakhar Khanna, Mr.

M.H. Zahidi, Mr. Priyansh Choudhary, Mr. Naman Joshi and Mr.

Verdaan Jain, Advocates.

versus

RESERVE BANK OF INDIA & ORS. .....Respondents

Through: Mr. Atul Sharma, Mr. Abhinav Sharma and Mr. Snehashish B., Advocates for R1.

Mr. Sarfaraz Khan, Mr. Mirza Amir Baig and Mr. Abdul Wahid Mashaal, Advocates for R2.

Mr. Santosh Kumar Rout, Standing Counsel with Ms. Dharna Veragi, Ms. Sakshi Raj, Ms. Shruti Tripathi and Mr. Aditya Kumar Jha, Advocates for PNB.

Mr. Rakesh Munjal, Senior Advocate with Dr. Swaroop George, Mr. Mobashshir Sarwar, Mr. Abhinandan Jain, Mr. Sunil Roy, Mr. Takrim Ashan Khan and Mr. Kartikey, Advocates for R4.

Mr. Shreyans Singhvi, Ms. Akanksha Agrawal and Ms. Tanuja Singh, Advocates for Intervenor.

CORAM:

HON'BLE MR. JUSTICE VIKAS MAHAJAN

JUDGMENT

VIKAS MAHAJAN, J

CM APPL. Nos. 62541/2024 & 75968/2024

1. The present petitio