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

Court: Bombay High Court
Date: 2025-10-07
Citation: WP/4172/2025
Petitioner: RAY PROJECTS PVT. LTD
Respondent: THE BOARD OF DIRECTORS OF CANARA BANK

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IjdmbnRUMStaUmZkc2NqdGlrUjZ5a3c9PSIsInZhbHVlIjoiMGNyTGJOK2hqZTRkOEJJbnBoc1N3REh5MHVGR2ZXaFB0WGpZZ2VnMVAzR1MwZFEyem9sNHo2cUtDdzF3UWtmeGNySXdxbno4NldxbEpJV3luOEwrelE9PSIsIm1hYyI6IjdkMjRmMDE4MmRhMTY3NzAwMzFhYmU0NTY0ZWNmNzMzOWVjYzhlYzFiMDg1NmRlNDU1YWE3OTRkY2ZlZTMzODMiLCJ0YWciOiIifQ==?expires=1782774866&signature=ed4f9a4ebefec2bd477f162cf46670a9c2dd8c0805be3207cccc6cf9b3157340)

## Judgment text (excerpt)

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

https://niyam.ai/judgements/high-court/2025/october/ray-projects-pvt-ltd-vs-the-board-of-directors-of-canara-bank