Writ petition sought mandamus directing Bank of Baroda to open an escrow account per RBI guidelines on current accounts and direct payment of running account bills into it. The court dismissed it as infructuous after counsel submitted the bank had since opened the escrow account.
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[3405 ]
HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD (Special Original Jurisdiction)
WEDNESDAY, THE SIXTEENTH DAY OF OCTOBER TWO THOUSAND AND TWENTY FOUR
PRESENT
THE HONOURABLE JUSTICE MOUSHUMI BHATTACHARYA
WRIT PETITION NO:2 5276 0F 2022
Between:
M/s. RVN INFRA PVT LTD plot No. 79, Road No. 10C, MLAs Mps Cotonv Jubilee Hills, Hyderabad Rep. by its Managing Director Represented bv ifs Managing Direcior, R. Venkila maiah, S/o. Ramachandraiah, AgeO aboui 75 years.
AND
...PET!T]oNER
...RESPONDENTS
Petition under Articre 226 oI the constitution of rndia praying that in the circumstances stated in the affidavit fired therewith, the High court may be pleased to issue an appropriate writ, order or direcrion particurarly in the nature of writ of MANDAMUS decraring the inertia / inaction on the part of the 2nd respondents namely Bank of Baroda, Himayat Nagar Branch, Hyderabad in the matter of consideration of the written representation of the petitioner, received on 25-05-2022 vide Annexure-p'l and consequential opening of escrow account in compliance with the guiderines issued by the 1st respondent Reserve Bank of lndia on 29-10-2021 on the subject of opening of current accounts by banks in
,/
06-08-2020and 14-12-2020as illegal, reference to theezrrlier circularsdated articles 14,19(1)(g) and 21 of the arbitrary ,impropt:r, unjust,violating ConstitutionoflnditrandconSeqUentlydirectfurtherthe3rdand4threspondents to pay theconsider,rtionof all running account bills into the escrow bank account with the 2ndresPondent Bank
IANO:1OF2022
Petition under Section151 CPC prayingthat in the circumstances stated in the affidavitfiled in support of the petition' the High Court may be pleasedto interest ofthe partiesincludingthe 2nd respondentherein directopening of escrow accountwi'h the 2nd respondentbank in the joint name of M/s Gayatri Proiects Ltd.,-RVl,l lnfra Pvt Ltd, Hyderabadforthwith pending disposalof the writ petition.
IAN O:2 OF 2022
Petitionund-.rSectionl5lCPCprayingthatinthecircumstancesstated in the affidavitfilerl in support of the petition,the Highcourt may be pleasedto treat the 3rdand 4th Respondent as formal respondents and the writ maybe disposed ofeven'tithout any presenceof any affidavit in oppositionby the 3rd and4threspondentinaccordancewithlawlestshouldthepetitionersuffer serious lossand h;lrdshiP.
Counsel for thePetitioner:SRI M.V.J.K'KUMAR
Counsel for theRr)spondent No.3 & 4: SRI P'GOVIND REDDY' SPL. SC FORA.P. STATE
The Court madethe following:ORDER
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,1.''
/l THE HON'BLE JUSTICE MOUSHUMI BHATTACHARYA
TVRIT PETITION N0.25276 0F 2022
Mr.M.V.J.K.Kumar, learned counsel for the petitioner
ORDER:
Learned counsel for the petitioner submits that the Writ Petition has become infmctuous in view of the subsequent action taken by the respondent No.2/Bank of Baroda with regard to opening of escrow account in compliancc u,ith thc guidelincs issued by the Reserve Bank of India.
become infructuous
Miscellaneous applications pending, if any, shall stand
closed. There shall be no order as to costs
\
To,
SD/-N: S ARI ASSISTANT RAR //TRUE COPY// SECTION FICER
1 One CC to SRI tvl.V.J.K.KUMAR, Advocate tOpUCI 2 One CC to SRI P.GOVIND REDDY, SpL. SC FOR A.p STATE [OPUC] J Two CD Copies BSR GJP
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HIGH COUR
DATED: 1611012024
ORDER
WP.No.25276 ot 2022
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DISMISSINCi THE WRIT PETITION
AS INFRUCTUOUS,
WITHOUT COSTS
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1 issue framed by the court
Whether the Bank of Baroda could be directed to open an escrow account in compliance with RBI guidelines on current accounts.
3 provisions across 2 enactments
M/s. RVN Infra Pvt Ltd
Reserve Bank of India
Branch Manager, Bank of Baroda, Himayat Nagar Branch, Hyderabad
Government of Andhra Pradesh, Irrigation Department
Superintendent Engineer, Irrigation and Command Area Development, Krishna District
M/s. Gayatri Projects Ltd
Moushumi Bhattacharya
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
