RAJBHUSHAN OMPRAKASH DIXIT vs PUNJAB NATIONAL BANK THROUGH CHAIRMAN & ORS.

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 25 March 2025 Judgment pronounced on: 26 May 2025 W.P.(C) 13454/2024 & CM APPL. 56232/2024 RAJBHUSHAN OMPRAKASH DIXIT .....Petitioner Through: Mr. Vikram Chaudhri, Sr. Adv. with Mr. Hemant Shah, Mr. Akshay Rana, Mr. Arveen Sekhon, Mr. Santosh Pal, Mr. Vishal Mann, Mr. Chetan Manchanda, Mr. Prashant Kumar, Mr. Ojas Kaushik & Mr. Vinayak Dixit, Advs. versus PUNJAB NATIONAL BANK THROUGH CHAIRMAN & ORS. .....Respondents Through: Mr. Ankur Goel, Adv. for LIC. Mr. Santosh Kumar Rout, SC with Ms. Dharna Veragi, Mr. B.N. Mishra & Ms. Shilpa Chaursia, Advs. for R-1, R-2 and R-12, PNB & Indian Bank. Mr. Sarfaraz Khan, Mr. Mirza Amit Baig & Mr. Abdul Wahid Mashaal, Advs. for R-15/UCO Bank. Ms. Mayuri Raghuvanshi, Mr. Vyom Raghuvanshi & Ms. Akanksha Rathore, Advs. for Indian Overseas Bank. Mr. Akhil Kapur & Ms. Riya Sood, Advs. for R-13/SBI. 16. CORAM: HON'BLE MR. JUSTICE DHARMESH SHARMA JUDGEMENT 1. The petitioner, who was a former director in M/s Sterling Biotech Limited and its group of companies [“SBLG”] has invoked the extra ordinary jurisdiction of this Court under Article 226 of the Constitution of India, 1950, seeking th