JAMIA COOPERATIVE BANK LTD. vs GOVT. OF NCT OF DELHI & ORS.

Judgment text excerpt

$~11 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 17th March, 2025 + W.P.(C) 10920/2021 & CM APPL. 33663/2021 JAMIA COOPERATIVE BANK LTD. .....Petitioner Through: Mr. M. Tarique Siddiqui, Adv. versus GOVT. OF NCT OF DELHI & ORS. .....Respondents Through: Mr. Anubhav Gupta, Special Counsel (Civil), GNCTD. Mr. Shahzad Hussain, Adv. for R-5. CORAM: JUSTICE PRATHIBA M. SINGH JUSTICE RAJNEESH KUMAR GUPTA Prathiba M. Singh, J. (ORAL) 1. This hearing has been done through hybrid mode. 2. The present writ petition under Article 226 of the Constitution of India has been filed by the Jamia Cooperative Bank Limited challenging the impugned order dated 14th September, 2021 passed by the Assistant Registrar (Banking), office of the Registrar Cooperative Societies (hereinafter “RCS”), directing the concerned officer to re-conduct the inspection of the records of the Petitioner Bank under Section 61 of the Delhi Cooperative Societies Act, 2003 (hereinafter “DCS Act”). 3. This matter has a long history. The Petitioner is a co-operative bank which was established on 31st July, 1995. One Mr. Syed Mohd. Imran, an estranged employee of the Petitioner Bank, made a complaint dated 27th September, 2011, in respect of which comments were sought by the Reserve Bank of India as also the Assistant Registrar (Banking), RCS. In response, the Signature Not Verified Signed By:RAHUL W.P.(C) 10920/2021 Page 1 of 17 Signing Date:19.03.2025 21:44:17 Petitioner Bank on 30th November, 2011 had submitted its detailed comments to the said complaint. The stand of the Petitioner Bank was that the said complainant was the erstwhile CEO of the Petitioner Bank, whose tenure was not extended by the Petitioner Bank beyond the stipulated period. The Complainant being aggrieved by the said decision of