RAM KISHOR ARORA AND ORS vs ICICI BANK LIMITED AND ANR

Judgment text excerpt

$~34 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 10th March, 2025 + W.P.(C) 3035/2025 &CM APPL. 14346-14347/2025 RAM KISHOR ARORA AND ORS .....Petitioner Through: Mr. Saurabh Kripal, Sr. Advocate. Mr. Jayashree Shukla Dasgupta with Mr. Rishika Ahuja and Mr. Shivam Nayyar, Advocates. versus ICICI BANK LIMITED AND ANR .....Respondent Through: Mr. Sameer Parekh with Mr. Sumit Goel, Ms. Sreeparna B, Ms. Swati Bhardwaj and Ms. Aditi, Advocates. Mr. Akshit Gupta, Advocate for R-2 CORAM: HON'BLE MR. JUSTICE MANOJ JAIN J U D G M E N T (oral) 1. The challenge in the present petition is to the manner in which the accounts of petitioners have been classified as “fraud” on 05.01.2024. 2. It seems that feeling aggrieved by the abovesaid order, the petitioners had, earlier, knocked the doors of the High Court of Judicature at Bombay but such writ petition i.e. W.P(C) No. 4344/2024 was disposed of on 31.01.2025 on the limited point of jurisdiction and, simultaneously, the petitioners were granted liberty to file petition afresh before the appropriate Court of jurisdiction. While disposing of such petition, the respondent Bank had also submitted before the Bombay High Court that it would have no objection to the jurisdiction, if the petition is, eventually, filed before the Delhi High Court. Signature Not Verified Digitally Signed W.P.(C) 3035/2025 1 By:SONIA THAPLIYAL Signing Date:11.03.2025 15:00:00 3. It is in the above said backdrop that the present petition has been filed. 4. The prime grievance of the petitioners is to the effect that though the accounts have been classified as fraud but they have not been supplied with Forensic Audit Report on the basis of which such accounts were classified as fraud. 5. Learned counsel for ICICI Bank appears on advance notice