IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH ACCIL Hospitality Private Limited ....Petitioner Versus IFCI Limited and others ...Respondents Reserved on : 20.11.2025 Pronounced on : 27.02.2026 Uploaded on : 27.02.2026 Whether only operative part of the judgment is pronounced or the full judgment is pronouned: operative part/full judgment CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY *****

Present: Mr. Anand Chhibbar, Senior Advocate (Arguing Counsel)

with Mr. Nitin Kaushal, Advocate, Mr. Ajay Kumar, Advocate, Mr. Tanuj Sud, Advocate, Ms. Swati Vashisth, Advocate, Ms. Ateevraj Sandhu, Advocate, and Mr. Inderjeet Singh, Advocate, for the petitioner.

Mr. Puneet Bali, Senior Advocate (Arguing Counsel), with Mr. Gagandeep Singh, Advocate, Ms. Ayushi Garg, Advocate, and Mr. Mahender Joshi, Advocate, for respondent No.1-IFCI Limited.

Mr. Dheeraj Jain, Senior Advocate (Arguing Counsel), with Mr. Amit Sharma, Senior Panel Counsel, for respondent No.2-UOI.

Mr. Indresh Goel, Advocate, for respondent No.3-RBI.

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SHEEL NAGU, C.J.

1. The writ jurisdiction of this Court under Article 226 of the Constitution of India is invoked seeking quashing of Notice f