WP No.637 of 2024 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 21.07.2026 CORAM THE HON'BLE MR.SUSHRUT ARVIND DHARMADHIKARI, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE G.ARUL MURUGAN WP No.637 of 2024 and WMP No.647 of 2024 Ambica Agarbathies Aroma and Industries Limited, Rep. By its Director and Authorized Signatory, Shri.A.G.N.V.S.Ambica Ramachandra Rao. Having office at Shankar Towers, Power Pet, Eluru, West Godavari, Andhra Pradesh 534 002. and having branch office at: Ambica Empire, No.79, 100 Feet Road, Thiru Nagar Colony, Vadapalani, Chennai 600 026. .. Petitioner -vs- 1. Department of Supervision, Reserve Bank of India, Rep. By Chief General Manager-in-Charge, Centre I, World Trade Centre, Mumbai 400 005. 2. Authorized Officer, LIC Housing Finance Limited, “Harrington Chambers”, No.30/1A, Block A (First Floor) & Block C Abdul Razack 1st Street, Saidapet, Chennai 600 015. .. Respondents Prayer: Petition filed under Article 226 of the Constitution of India for issuance of a Writ of Mandamus directing the 2nd respondent to follow https://www.mhc.tn.gov.in/judis WP No.637 of 2024 and extend the benefit of the non-discriminatory and non-discretionary statutory Framework and Guidelines issued by the 1st respondent in DOR.No.BP.BC/3/21.04.048/2020-21 (“Resolution Framework for COVID related Stress”) r/w FIDD.MSME & NFS.BC.No.21/06.02.31/ 201516 (“Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises”), RPCD.CO.MSME & NFS.BC.40/06.02.31/2012- 2013 (“Guidelines for Rehabilitation of Sick, Micro and Small Enterprises”), RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/ 2020-21 (“Master Direction – Non-banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021”) and “GUARANTEED EMERGENCY CREDIT LINE (GECL) 1.0. 2.0 & 3.0” and consider the representation of the petitioner dated 02.12.2020 and undated _/01/2021. For Petitioner : Mr.B.Aravinnth Sittharth For Respondents : Mr.C.Mohan for Mrs.a.Rexy Josephine Mary for M/s.King & Partridge for R-1 : Mr.R.Imayavaramban for M/s.Ramalingam Associates for R-2 * * * * * ORDER (Order of the Court was made by the Hon'ble Chief Justice) The present writ petition filed under Article 226 of the Constitution of India seeks for issuance of a direction to the second respondent to follow the statutory framework and guidelines issued in respect of MSME. https://www.mhc.tn.gov.in/judis WP No.637 of 2024 2. Learned counsel appearing for the respondents submits that the relief sought for in this writ petition is squarely covered by the judgment of the Hon’ble Supreme Court in the case of Small Scale Industrial Manufacturers Association (Regd.) vs. Union of India, (2021) 8 SCC 511, as the very same framework and guidelines were the subject matter of the writ petitions before the Hon’ble Supreme Court. He has pointed out that the Hon’ble Supreme Court has held that no positive direction can be issued to the bankers to implement the Circulars/Notifications in a particular manner and it should have been left to the bankers, as the bankers are commercial entities and since the customer profile, organisational structure and spread of each lending institution is widely different from others, each lending institution is best placed to assess the requirements of its customers and therefore, the discretion was left to the lending institutions concerned and any borrowing arrangement is a commercial contract between the lender and borrower. RBI and/or the Union of India, can provide for broad guidelines while recommending to give the reliefs. In view of the same, the learned counsel submitted that no mandamus can be issued to the petitioner in this regard. https://www.mhc.tn.gov.in/judis WP No.637 of 2024 3. In view of the judgment of the Hon’ble Supreme Court in Small Scale Industrial Manufactures Association (supra), no such direction can be issued as prayed for in this writ petition. Accordingly, this writ petition stands dismissed. There shall be no order as to costs. Consequently, the interim application stands closed. (SUSHRUT ARVIND DHARMADHIKARI, CJ.) (G.ARUL MURUGAN, J.) 21.07.2026 Index : Yes/No Neutral Citation : Yes/No sra https://www.mhc.tn.gov.in/judis WP No.637 of 2024 To 1. The Chief General Manager-in-Charge,, Department of Supervision, Reserve Bank of India, Centre I, World Trade Centre, Mumbai 400 005. 2. The Authorized Officer, LIC Housing Finance Limited, “Harrington Chambers”, No.30/1A, Block A (First Floor) & Block C Abdul Razack 1st Street, Saidapet, Chennai 600 015. https://www.mhc.tn.gov.in/judis WP No.637 of 2024 THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN, J. (sra) WP No.637 of 2024 21.07.2026 https://www.mhc.tn.gov.in/judis