$~16 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 5273/2024 and CM APPL. 21577/2024 ASHOK TIWARI .....Petitioner Through: Mr. Saurabh Kirpal, Senior Advocate with Mr. Ashutosh Thakur, Mr. Amit Kumar and Mr. Ritesh K. Singh, Advocates.

versus RESERVE BANK OF INDIA & ANR. .....Respondents Through: Mr. Dhaval Mehrotra and Ms. Aditi Desai, Advocates for R1.

Mr. Sanjay Bajaj and Mr. Rajat Prakash, Advocates for R2.

CORAM:

HON'BLE MS. JUSTICE JYOTI SINGH

O R D E R

% 28.11.2025

1. This writ petition is filed on behalf of the Petitioner under Article 226 of the Constitution of India seeking the following reliefs:-

“(i) Issue an appropriate Writ/ Order or Directions in the nature of certiorari or any other appropriate writ thereby quashing & setting aside the classification / declaration of the account of Vayam Technologies Limited i.e. the Company as Fraud by Respondent No.2; and/or (ii) Issue an appropriate Writ/ Order or Direction in the nature of mandamus directing the Respondents not to take any action against the Petitioner or the Company or any of its Officers/Guarantors pursuant to the wrongful classification/declaration of the Account of the Company as Fraud; and/or (iii) Issue an