RAY PROJECTS PVT. LTD vs THE BOARD OF DIRECTORS OF CANARA BANK

906-WPL-5781-2025.doc jsn IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (L) NO.5781 OF 2025 WITH INTERIM APPLICATION (L) NO.27940 OF 2025 M/s. Ray Projects Pvt. Ltd. and Anr. …Petitioners Digitally Versus signed by JITENDRA JITENDRA SHANKAR SHANKAR NIJASURE NIJASURE Date: 2025.10.07 The Board of Directors of Canara Bank and …Respondents 12:45:04 +0530 Ors. ---------- Mr. Mathews Nedumpara with Ms. Hemali Kurne and Mr. Satsang Tailor i/b. Nedumpara and Nedumpara for the Applicant / Petitioner. Ms. Vaishali Bhilare with Mr. Atharva Bhilare for Respondent Nos.1 to 3. Ms. Vrushali Kabre, for Respondent No.7. ---------- CORAM : R.I. CHAGLA AND FARHAN P. DUBASH, JJ. Reserved on : 25TH SEPTEMBER, 2025 Pronounced on : 07TH OCTOBER, 2025. J U D G M E N T:- 1. By this Writ Petition, the Petitioners are seeking a direction to the Central Government and Reserve Bank of India to enforce the Notification (‘MSME Notification’) dated 29th May, 2015 and further ensure that the recovery action initiated against the 1/23 906-WPL-5781-2025.doc Petitioners that is stated to be in violation of the mandate of the MSME Notification is recalled. The Petitioner