1 / 4 904-WP-1801-26.odt IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.1801 OF 2026 Krishnan Venkateswaran Srinivasan .... Petitioner versus UCO Bank & Anr. .... Respondents ….... • Mr. Mustafa Doctor, Senior Advocate a/w Ms. Sneha Jaisingh, Mr. Akshay Ayush, Ms. Asha Anandkumar, Ms. Vidula Barje i/b. Bharucha and Partners, Advocate for Petitioner. • Mr. Hafeezur Rahman, Advocate for Respondent No.1. • Mr. Meenor Bhivgade, Chief Manager, UCO Bank. • Mr. Prasad Shenoy, Aditi Phatak, Twinkle Kalla, Megha More, Juhi Bhayani i/b. BLAC Co., Advocate for Respondent No.2- RBI. CORAM : SARANG V. KOTWAL & RANJITSINHA RAJA BHONSALE, JJ. DATE : 24th SEPTEMBER, 2026 P.C. : 1. This Petition was originally filed with a prayer for directions to quash and set aside the Fraud Monitoring Report. However during pendency of the Petition they received a communication in the nature of order declaring account as fraud and therefore the Petition was amended. The averments in the memo were amended as well as the prayers were amended. Nesarikar MANUSHREE NESARIKAR Digitally signed by MANUSHREE NESARIKAR Date: 2026.09.29 17:33:06 +0530 2 / 4 904-WP-1801-26.odt Now the main prayer which is sought by the Petitioner is as follows : “20(b)(a), Writ of Certiorari or any other appropriate Writ, order or direction to quash and set aside the Impugned Communication dated 16 March 2026, and or, any other communication, intimation or notification in so far as it includes the names of the Petitioner expressly or impliedly in relation to any alleged fraudulent activities in RHFL.” 2. RHFL stands for Reliance Home Finance Limited. The said communication is annexed at Ex.N1 at page No.752-A. 3. The main grievance apart from the other grounds in the Petition is that the show cause notice only includes incomplete copies of the Forensic Audit Reports. The complete annexures of the Forensic Audit Report are not supplied. The specific ground taken in the amended Petition is at page 25-C. The grounds Q(b) and Q(c) are important, which are as follows : “b. The SCN only encloses incomplete copies of the Forensic Audit Reports. The 10 exhibits (listed at page 262 of the First Forensic Audit Report) and 46, annexures (listed at page 262 and 264 of the First Forensic Audit Report) have not been provided to the 3 / 4 904-WP-1801-26.odt Petitioner. Equally, the 7 exhibits (listed at page 207 of the Second Forensic Audit Report) and 94 annexures (listed at pages 208 to 210 of the Second Forensic Audit Report) have also not been provided to the Petitioner. c. The underlying documents considered and, or reviewed by M/s Grant Thornton LLP while preparing the Forensic Audit Reports have neither been specified /listed nor disclosed / provided to the Petitioner despite a specific request.” 4. Learned counsel appearing for the Respondent No.1- UCO Bank, on instructions, makes a statement that the Bank is in the process of withdrawing the intimation/order dated 16/03/2026. He also makes a statement that the bank shall provide annexures asked for by the Petitioner, which are referred to in the above two grounds. 5. In this background, learned counsel appearing for the Respondent No.1/UCO Bank states that the bank is in process of withdrawing the communication/order dated 16/03/2026 and on instructions he makes further statement that the Petitioner shall be provided with the entire Forensic Audit Report including 4 / 4 904-WP-1801-26.odt all the annexures to the said report within a period of two weeks from today. 6. The statement is recorded and accepted. Once the documents are provided, the Petitioner is at liberty to give comprehensive and extensive reply to the show cause notice, as per the guidelines. The Respondent No.1 bank would be at liberty to pass a fresh order without prejudice to their rights and without prejudice to the facts of the passing of the earlier order. All the contentions raised by both the parties on merits of the matter are specifically left open. 7. It is needless to add that once the order dated 16/03/2026 is withdrawn, the bank shall take all the consequential steps in that behalf. But if the criminal proceedings are already lodged, then those criminal proceedings shall not be interfered with. 8. The Petition is disposed of. (RANJITSINHA RAJA BHONSALE, J.) (SARANG V. KOTWAL, J.)