Kerala High Court
Nedumpillil Financial Company ... vs Union Of India on 20 July, 2021
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE P.B.SURESH KUMAR
TUESDAY, THE 20TH DAY OF JULY 2021 / 29TH ASHADHA, 1943
WP(C) NO. 14462 OF 2021
PETITIONERS:
1 NEDUMPILLIL FINANCIAL COMPANY LIMITED, A COMPANY
INCORPORATED AND REGISTERED UNDER THE COMPANIES
ACT, 1956, HAVING ITS REGISTERED OFFICE AT, 2ND
FLOOR, CARMEL CENTRE, BANERJI ROAD, ERNAKULAM -
682018, REPRESENTED BY ITS AUTHORIZED OFFICER
FRANCLY FRANCIS, S/O. K.P. FRANCIS, AGED 39
YEARS, HEAD-SALES/OPERATIONS/ADMIN OF THE
NEDUMPILLIL FINANCIAL COMPANY LTD.
2 FRANCLY FRANCIS, S/O. K.P. FRANCIS, AGED 39
YEARS, AUTHORIZED OFFICER AND HEAD-
SALES/OPERATIONS/ADMIN, NEDUMPILLIL FINANCIAL
COMPANY LIMITED, 2ND FLOOR, CARMEL CENTRE,
BANERJI ROAD, ERNAKULAM - 682018 RESIDING AT
KUTTIKATTU HOUSE, CHIRAKKAKAM, VARAPUZHA P.O
ERNAKULAM - 683 517
BY ADVS.
BIJU ABRAHAM
MARY STEPHY K.F.
NIMMIYA MOHAN
LAKSHMI MOHAN
LILIA JOHN
SHABEER ALI MOHAMED
RESPONDENTS:
1 UNION OF INDIA, REPRESENTED BY SECRETARY TO
MINISTRY OF FINANCE, NEW DELHI - 110 001
2 RESERVE BANK OF INDIA, CENTRAL OFFICE, MUMBAI,
REP. BY THE CHIEF GENERAL MANAGER, RESERVE BANK
OF INDIA, DEPARTMENT OF REGULATION, CENTRAL
OFFICE, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI
- 400 005.
3 SOUTH INDIAN BANK, HEAD OFFICE, T.B. ROAD,
MISSION QUARTERS, THRISSUR- 680 001 REPRESENTED
BY ITS MANAGING DIRECTOR.
4 AXIS BANK, HEAD OFFICE, CORPORATE OFFICE, BOMBAY
2
W.P.(C) No.14462 of 2021
DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG,
WORLI, MUMBAI - 400 025 REPRESENTED BY ITS
MANAGING DIRECTOR
5 ICICI BANK, HEAD OFFICE, ICICI BANK TOWERS,
BANDRA-KURLA COMPLEX, MUMBAI 400 051,
REPRESENTED BY ITS MANAGING DIRECTOR.
6 FEDERAL BANK, HEAD OFFICE, FEDERAL TOWERS, P B
NO. 103, ALUVA, ERNAKULAM - 683 101 REPRESENTED
BY ITS MANAGING DIRECTOR
7 KOTAK MAHINDRA BANK, HEAD OFFICE, 27BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI
- 400 051 REPRESENTED BY ITS MANAGING DIRECTOR.
8 HDFC BANK, HEAD OFFICE, HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI,
MAHARASHTRA, 400 013 REPRESENTED BY ITS MANAGING
DIRECTOR.
ADV.MADHURADHAKRISHNAN
ADV.ABRAHAM MARKOSE
ADV.PAULOCHAN ANTONY
ADV.K.K.JOHN
ADV.M.PREMCHAND
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR
ADMISSION ON 20.07.2021, THE COURT ON THE SAME DAY
DELIVERED THE FOLLOWING:
3
W.P.(C) No.14462 of 2021
W.P.(C) No.14462 of 2021
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JUDGMENT
Heard the learned counsel for the petitioners as also
the learned Senior Counsel for the Reserve Bank of India.
2. It is seen that an identical matter has been
disposed of by this court in terms of Ext.P5 judgment.
In the circumstances, this writ petition is also
disposed of making it clear that the directions contained in
Ext.P5 judgment will be applicable to the petitioners in this
case as well.
Sd/-
P.B.SURESH KUMAR, JUDGE.
YKB
W.P.(C) No.14462 of 2021
APPENDIX
PETITIONER'S/S EXHIBITS:
EXHIBIT P1 A TRUE COPY OF THE DIRECTION ISSUED BY
THE RESERVE BANK OF INDIA VIDE REF.
RBI/2020-21/20 DOR NO. B
P.BC/7/21.04.048/2020-21 DATED 06-08-
EXHIBIT P2 A TRUE COPY OF THE E-MAIL
COMMUNICATION DATED 12-10-2020 FROM
SOUTH INDIAN BANK THROUGH ITS
KADAVANTHRA BRANCH
EXHIBIT P3 A TRUE COPY OF THE COMMUNICATION MADE
BY THE PETITIONER DATED 22-10-2020 TO
THE SOUTH INDIAN BANK
EXHIBIT P4 A TRUE COPY OF THE COMMUNICATION DATED
08- 07-2021 OF THE 3RD RESPONDENT TO
THE 1ST PETITIONER
EXHIBIT P5 A TRUE COPY OF THE JUDGMENT IN W.P.
(C) NO. 22768/2020 AND CONNECTED CASES
DATED 09-04-2021
EXHIBIT P6 A TRUE COPY OF THE AUTHORIZATION
DATED 14-07- 2021 GIVEN BY 1ST
PETITIONER TO THE 2ND PETITIONER
