WRIT - C No. 24192 of 2022 at Allahabad

AFR HIGH COURT OF JUDICATURE AT ALLAHABAD Court No.3 Neutral Citation No. - 2025:AHC:115460-DB CORAM : HON'BLE SHEKHAR B. SARAF, J. HON'BLE PRAVEEN KUMAR GIRI, J. WRIT-C NO. 24192 OF 2022 SURESH CHANDRA SINGH NEGI AND ANOTHER V. BANK OF BARODA AND OTHERS For the Petitioners : Mr. Aniket Gupta and Mr. Prem Chandra, Advocates For the Respondents : Mr. Namit Srivastava, Advocate Last heard on July 11, 2025 Pronounced on July 17, 2025 HON'BLE SHEKHAR B. SARAF, J. : The present writ petition has been filed under Article 226 of the Constitution of India wherein the petitioners have prayed for the issuance of a writ of mandamus directing the Bank of Baroda (hereinafter referred to as ‘respondent no.1’) and Reserve Bank of India (hereinafter referred to as ‘respondent no.3’) to restore the illicitly embezzled fund of Rs.38,78,000/- inclusive of penal interest at the rate of 24%. FACTS 2. The factual matrix of the present writ petition is delineated below: 2 a. The petitioner no.1 and petitioner no.2 are father and son respectively. Both of them are proprietors of their respective proprietorship firm engaged in the business of transformers fabrication. b. Petitioners have opened two account