Disposed

Mitushi Traders and Financiers Private Limited & Ors. v. Reserve Bank of India

Delhi HC8 Oct 2024W.P.(C)/14210/2024

Case brief

AI extract

What is this about?

The Delhi High Court disposed of WP(C) 14210/2024 as infructuous after the petitioner withdrew their application seeking change of control and management with the RBI, rendering pending extension applications for compliance moot.

What did the court decide?

The writ petition is disposed of as having been rendered infructuous; pending applications are also disposed of.

Mitushi Traders and Financiers Private Limited & Ors. Vs… — Company and Corporate | Delhi HC (2024)

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$~102

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- W.P.(C) 14210/2024

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MITUSHI TRADERS AND FINANCIERS PRIVATE LIMITED & ORS. .....Petitioners Through: Mr. Keshav Sehgal, Mr. Shivam Gaur, Mr. Kshitij Joshi, Mr. Aryan Kumar, Advs.

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versus

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RESERVE BANK OF INDIA .....Respondent Through: Mr. Ramesh Babu M.R., Ms. Nisha Sharma, Advs. for R- 1/RBI with Mr. Sandeep Kumar, Legal Officer, RBI and Mr. Raghav Bhardwaj, Manager, RBI

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CORAM:

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HON'BLE MR. JUSTICE DHARMESH SHARMA O R D E R % 04.11.2024

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This hearing is being conducted through hybrid mode.

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CM APPL. 64397/2024 (Seeking extensions of time to comply with the order dated 08.10.2024)

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This application has been moved on behalf of the applicant/respondent/RBI seeking extension of time to comply with the order dated 08.10.2024.

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Learned counsel for non-applicants/petitioners is present on advance notice.

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However, learned counsel for respondent/RBI submits that in the interregnum the RBI has received an intimation dated 02.11.2024 from the petitioner whereby they were seeking withdrawal of their

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 06/11/2024 at 12:09:09

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application for change of control and management of the petitioner‟s company.

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Learned counsel for the petitioner acknowledges that due to the delay occasioned in the matter, they have re-considered their decision and they have sought withdrawal of the application moved with the RBI.

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In view of the aforesaid statement made by learned counsels for the parties, the present writ petition is disposed of as having been rendered infructuous. Accordingly, all pending applications also stand disposed of.

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DHARMESH SHARMA, J.

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NOVEMBER 04, 2024 Sp/SG

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 06/11/2024 at 12:09:09

Mitushi Traders and Financiers Private Limited & Ors. v. Reserve Bank of India

Case brief

What is this about?

What did the court decide?

Mitushi Traders and Financiers Private Limited & Ors. v. Reserve Bank of India

Case brief

What is this about?

What did the court decide?

What the court decided

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