Many applications have been filed in the Supreme Court seeking to start contempt of court action against Reserve Bank of India (RBI) Governor Shaktikanta Das, Chief Executive of Indian Banks Association (IBA) and others for allegedly violating a high court order, announcing the appellants’ account as Non Performing Assets (NPA) on the issue of suspension.
According to ANI, the applicants of M / s Azeez Trading Company, Umrazz Trading Corporation, Ajay Hotel and Restaurant, Latur, Maharashtra, have filed a lawsuit against attorney Vishal Tiwari and Advocate on Record (AOR) Abhigya.
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Respondents, RBI Das Governor and IBA chief executive officer, among others were obliged to do the job of announcing and ensuring compliance with SC directives nationwide but they did not do so intentionally, the application said.
The news report quoted Tiwari as saying that the SC order of September 3, 2020 was applicable to all lending institutions / banks throughout India and was approved to support the accounts of all borrowers to provide relief from financial stress during the epidemic.
Applicants said the SC order was approved in the presence of counsel representing the defendants and that they were all aware of the residency. Further, the application states that the “contemptible act” of the defendants not only disobeyed the order of the high court, but also caused great irreparable damage to the applicants.
A number of applications have been filed in the Supreme Court in the same case, a news report said.
