IFCI VENTURE CAPITAL FUNDS LTD vs NATIONAL COMMISSION FOR SCHEDULED TRIBES & ORS.

Judgment text excerpt

$~48 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 03rd December, 2025 + W.P.(C) 18381/2025, CM APPL. 76110/2025 & CM APPL. 76111/2025 IFCI VENTURE CAPITAL FUNDS LTD. .....Petitioner Through: Mr. Nitin Dahiya, Adv. with Mr. Bhavishya Rawat, Adv. and Mr. Rohan Chaudhary, AGM versus NATIONAL COMMISSION FOR SCHEDULED TRIBES AND ORS. .....Respondents Through: None CORAM: HON'BLE MS. JUSTICE MINI PUSHKARNA MINI PUSHKARNA, J. (ORAL): CM APPL. 76111/2025 (For Exemption) 1. Exemption allowed, subject to all just exceptions. 2. Application stands disposed of. W.P.(C) 18381/2025 & CM APPL. 76110/2025 3. The present matter has been received on transfer from the Court of HMJ Sachin Datta. 4. The present writ petition has been filed challenging the Notices dated 03rd October, 2025 and 26th November, 2025, issued by the National Commission for Scheduled Tribes (“NCST”), on the basis of complaints in Signature Not Verified Digitally Signed Page 1 of 7 By:HARIOM SHARMA Signing Date:04.12.2025 20:56:37 relation to a “purely commercial dispute” arising out of non-disbursement of a conditional sanctioned loan to respondent no. 2-Harleys India Private Limited (“HIPL”). 5. Learned counsel for the petitioner submits that petitioner provides concessional but re-payable financial assistance to eligible entities promoted by the Scheduled Tribe entrepreneur. Respondent no. 2-HIPL is a company promoted by a Scheduled Tribe entrepreneur, who applied under the Venture Capital Fund for Scheduled Tribes (“VCF-ST”) for financial assistance for a commercial project for manufacturing of bakery products and beverages in the leased premises in Telangana. 6. It is submitted that the disbursement of funds is subject to completion of pre-disbursement conditions. However, on account of the fac