AVANTHA HOLDINGS LIMITED & ANR. vs UNION OF INDIA & ORS.

IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Delivered on: 08.09.2025 W.P.(C) 274/2023 AVANTHA HOLDINGS LIMITED & ANR. .....Petitioners Through: Mr. Krishnan Venugopal, Sr. Adv. with Dr. Sushil Kumar Gupta, Ms. Sunita Gupta and Mr. Sakshit Bhardwaj, Advs. versus UNION OF INDIA & ORS. .....Respondents Through: Mr. Sandeep Kumar Mahapatra, CGSC with Mr. Tribhuvam, Adv. for R-1/UOI. Mr. Sanjeev Sagar, Sr. Adv. with Ms. Nazia Parveen and Mr. Akash Gahlot, Advs. for R-3/SBI. Mr. Malak Bhatt, Ms. Neeha Nagpal and Ms. Nitya Prabhakar, Advs. for R- 4. CORAM: HON'BLE MR. JUSTICE VIKAS MAHAJAN JUDGMENT VIKAS MAHAJAN, J 1. The writ petition, as initially filed, sought the relief of declaration to the effect that report dated 27.04.2020 [hereafter ‘Pipara Report’], prepared by respondent no.4/Pipara & Co. [hereafter ‘Pipara’], commissioned and prepared under the aegis of respondent no.3/State Bank of India (SBI) is void and cannot be relied upon being in complete breach of the principles of natural justice. The petitioners also sought setting aside and quashing of the Pipara Report. 2. During the pendency of present petition, respondent no.3/SBI had 3. The case set out in the present pet