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

Judgment text excerpt

* 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. Signature Not Verified W.P.(C) No.13454/2024 Digitally Signed By:PRAMOD Page 1 of 20 KUMAR VATS Signing Date:26.05.2025 20:15:05 Mr. O.P. Gaggar & Mr. Sachindra Karn, Advs. for R- 3,7 and 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 the following reliefs:- “a. Call for the requisite records from the Respondents as regards the declaration of the companies namely Sterling Biotech Limited and its group companies (as mentioned in chart/ table Annexure P-1) and as well as all correspondences and material relating thereto so as to ascertain the compliance of due process of law in the course of declaration of these companies as Wilful defaulter