HAMDARD EDUCATION SOCIETY & ANR. vs RESERVE BANK OF INDIA & ORS.

$~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 31.05.2025 % Judgment delivered on: 17.11.2025 W.P.(C) 14908/2024 HAMDARD EDUCATION SOCIETY & ANR. .....Petitioners Through: Mr. Maninder Singh, Senior Advocate with Mr. Saket Sikri, Mr. Vikalp Mudgal, Mr. Ajay Pal Singh Kuhar, Mr. Prakhar Khanna, Mr. M.H. Zahidi, Mr. Priyansh Choudhary, Mr. Naman Joshi and Mr. Verdaan Jain, Advocates. versus RESERVE BANK OF INDIA & ORS. .....Respondents Through: Mr. Atul Sharma, Mr. Abhinav Sharma and Mr. Snehashish B., Advocates for R1. Mr. Sarfaraz Khan, Mr. Mirza Amir Baig and Mr. Abdul Wahid Mashaal, Advocates for R2. Mr. Santosh Kumar Rout, Standing Counsel with Ms. Dharna Veragi, Ms. Sakshi Raj, Ms. Shruti Tripathi and Mr. Aditya Kumar Jha, Advocates for PNB. Mr. Rakesh Munjal, Senior Advocate with Dr. Swaroop George, Mr. Mobashshir Sarwar, 1. The present petition has been filed by the petitioners seeking inter alia quashing of impugned order dated 09.10.2024 passed by the respondent no.2 bank / UCO Bank and impugned order dated 15.10.2024 passed by respondent no.3 / Punjab National Bank (PNB) whereby on the premise of the decision taken vide impugned order dated 10.10.202