DEEPAK SHENOY vs RESERVE BANK OF INDIA

Judgment text excerpt

8-WPL-23089-2024.DOCX Amol IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (L) NO. 23089 OF 2024 Deepak Shenoy … Petitioner Versus Reserve Bank of India & Ors … Respondents ______________________________________________________ Mr. Darpan Bhatia, with Ms. Prapti Kedia & Mr. Rushikesh Dusane, i/b, Agman Law Associates, for Petitioner. Ms. Rathina Maravarman, with Tasneem Mr. Abhishek Samant, with Ms. Pranti R Rawool for Respondents 2, 4 & 6. ______________________________________________________ CORAM : M.S. Sonak & Advait M. Sethna, JJ. DATED : 12 December 2025 ORAL ORDER:- (Per M. S. Sonak, J) 1. Heard the learned counsel for the parties. AMOL PREMNATH 2. We issue Rule. The Rule is made returnable immediately, JADHAV Digitally signed by AMOL PREMNATH JADHAV at the request of and with the consent of the learned counsel Date: 2025.12.12 18:41:43 +0530 for the parties. 3. The Petitioner, objects to the inclusion of his name in the Central Fraud Registry maintained by the Reserve Bank of India. The learned counsel for the Petitioner submits that such inclusion visits the Petitioner with serious civil consequence, and therefore, the same should have been preceded by at least Page 1 of 6 8-WPL-23089-2024.DOCX the minimal compliance with the principles of natural justice and fair play. 4. He states that there was no such compliance and on this ground itself, the inclusion warrants interference. 5. Mr. Bhatiya, the learned counsel for the Petitioner relies on State Bank of India And Ors. Vs. Rajesh Agarwal And Ors. 1 and submits that the Hon’ble Supreme Court has also held that principles of natural justice have to be followed before any person is included in the Central Fraud Registry maintained by the RBI. 6. The learned counsel f