HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR S.B. Civil Writ Petition No. 5589/2025 M/s Pinkcity Packaging Pvt. Ltd, Having Its Registered Address At S-34, Shopping Centre, Vivek Vihar, New Sanganer Road, Jaipur-302019-(Rajasthan), India, Through Authorized Signatory Shri Rajesh Gupta. ----Petitioner Versus 1. Unity Small Finance Bank, Through Its Branch Manager, 2Nd Floor, Vinay Bhavya Complex, Cst Road, Kalina, San- tacruz (East) Mumbai - 400 098 2. Neogrowth Credit Private Limited, Through Its Branch Manager, Times Square, Tower E, 9Th Floor, Andheri East - 400 059 3. Iifl Finance Limited, Through Its Branch Manager, Iifl House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Midc, Thane Industrial Area, Wagle Estate, Thane West , Maharashtra - 400 604 4. Ugro Capital Limited, Through Its Branch Manager, Equinox Business Park, Tower 3, 4Th Floor, Off Bkc, Lbs Road, Kurla, Mumbai - 400 070 5. Clix Capital Services Private Limited, Through Its Branch Manager, Plot No. 23, 5Th Floor, Govind Lal Sikka Marg, Rajendra Place, New Delhi - 110008 6. Indifi Technologies Private Limited, Through Its Branch Manager, Block - C, Ground Floor, Sewa Tower Plot 19, Phase 4, Udyog Vihar, Sector 18, Gurugram - 122 015 7. Small Industries Development Bank Of India, Through Its Branch Manager, Sidbi Tower, 15, Ashok Marg, Lucknow - 226 001, Uttar Pradesh 8. Axis Bank Limited, Through Its Branch Manager, Trishul, 3Rd Floor, Opp. Samartheshwar Temple, Near Law Gar- den, Ellisbridge, Ahmedabad - 380006 9. Hdfc Bank Limited, Through Its Branch Manager, Hdfc Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013 10. Reserve Bank Of India, Through Governor , Shahid Bha- gat Singh Road , Fort, Mumbai - 400 001 (2 of 3) [CW-5589/2025] 11. The Union Of India, Department Of Financial Services ,ministry Of Finance , Represented By Secretary , Department Of Financial Services, Ministry Of Finance, 3Rd Floor, Jeevan Deep Building, Sansad Marg, New Delhi - 110 001 12. Ministry Of Micro Small And Medium Enterprises, Repre- sented By The Secretary, Udhyog Bhawan, Rafi Marg, New Delhi, Delhi - 110 001 ----Respondents For Petitioner(s) : Mr. Punit Singhvi through VC Mr. Pranav Bhansali Ms. Gaurika Bansali Mr. Ayush Singh Mr. Ajay Sharddha Mehta For Respondent(s) : Mr. Sanjay Mehla-Sr. Counsel with Ms. Sunita Mehla Mr. Peush Nag Mr. Avinash Kumbhaj JUSTICE ANOOP KUMAR DHAND Order 17/04/2025 1. A limited prayer has been made by the counsel for the peti- tioner for issuing a direction to the respondents (Bank/Finance Company) to decide the application submitted by the petitioner in pursuance of the Clause 5 of the notification dated 29.05.2015. 2. Counsel for the petitioner submits that the application sub- mitted by the petitioner in the month of March, 2025 has not been decided by the respondents by passing a reasoned and speaking order. Counsel submits that the respondents are bent upon to take coercive action against the petitioner, so in the fitness of the facts and circumstances of the case, appropriate direction be issued to the respondents to decide that application first before taking any coercive action against the petitioner. (3 of 3) [CW-5589/2025] 3. Learned counsel appearing for the Union of India and re- spondent Nos. 3 and 4 oppose the prayer and submit that till date, no coercive action has been taken against the petitioner and this petition is premature and the same is liable to be rejected on this count alone. 4. Heard and considered the submissions made at Bar and pe- rused the material available on record. 5. Without entering into the controversy involved in the matter and looking to the fact that the application submitted by the peti- tioner before the respondents are still lying pending for adjudica- tion, it is expected from the respondents to decide the same by passing a reasoned and speaking order. 6. In view of the above, the present writ petition stands dis- posed of with direction to the respondents to decide the applica- tion filed by the petitioner expeditiously as early as possible, preferably within a period of two weeks from the date of receipt of the certified copy of this order. The respondents are restrained to take any coercive action against the petitioner for a period of two weeks. 7. Needless to observe that this Court has not issued any order or directions to the respondents to decide the application of the petitioner in a particular way, the respondents would be at liberty to decide the same strictly in accordance with law. 8. Stay application and all pending application(s), if any, also stand disposed of. (ANOOP KUMAR DHAND),J Ashu/35