1 2026:CGHC:5393 NAFR HIGH COURT OF CHHATTISGARH AT BILASPUR WPC No. 398 of 2026 Chandrakant Kannoje S/o Shri Shatrughan Lal Kannoje Aged About 35 Years Presently Posted Teacher Government Middle School, Nimora Raipur, District Raipur C.G., R/o Moreshwar Rao Gadre, Ward No. 59, Santoshi Nagar, Raipur, District Raipur C.G. ... Petitioner versus 1 - Union Of India Through Department Of Financial Services Ministry Of Finance, 3rd Floor, Jeevan Deep Building, Sansad Marg, New Delhi- 110001. 2 - State Of Chhattisgarh Through Director, Directorate Of Institutional Finance, Finance Department, Government Of Chhattisgarh, Indravati Bhavan, Naya Raipur, C.G. 3 - Reserve Bank Of India, Through Governor, Reserve Bank Of India, 4th Floor, Amar Building, Sir P.M. Road Mumbai- 40001 (M.S.) 4 - The Office Of Banking Ombudsman, Reserve Bank Of India, Through Banking Ombudsman, Reserve Bank Of India, Regional Office Raipur, Sector 24, Atal Nagar, Naya Raipur, C.G.- 492101. 5 - Cholamandalam Investment And Finance Company Limited (CIFCL), Having Corporate Office At Chola Crest, C54-55 And Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai- 600032. 6 - Aditya Birla Capital Limited, Having Corporate Office At 18th Floor, Tower 1, One World Centre, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road Mumbai- 400013. 7 - Yes Bank Limited, Having Its Head Office At Yes Bank Tower, I.F.C. 02, 23rd Floor, Senapati Bopat Marg, Elphinestone, (W), Mumbai- 400013. 8 - Indusind Bank Limited, Having Registered Office At Indusind Bank Limited, 2401 Gen. Thimmayya Road (Cantonment), Pune- 411001. BINI PRADEEP Digitally signed by BINI PRADEEP Date: 2026.01.31 11:06:12 +0530 2 9 - Paysense Services India Private Limited, Having Registered Office At Empressa Building, Fourth Floor, Second Road, Khar West, Mumbai- 400052, Maharashtra. 10 - Collector, District Raipur C.G. 11 - Spash Advisor Private Limited, Through Its Proprietor Manoj Kumar Pradhan, Having Registered Office At Office No. F F, 1st Floor, D M Plaza, Naighar Chowk, Chhota Para, Raipur, C.G.- 492001, Branch Office At Behind Vasundhara City Mall, Near Tulsi Chowk, Gangapur, Ambikapur, Surguja C.G. 497001. 12 - RV Group Through Its Proprietor Abhay Gupta, Having Registered Office At Office No. F F, 1st Floor, D M Plaza, Naighar Chowk, Chhota Para, Raipur, C.G.- 492001, ... Respondents For Petitioner : Mr. Dhiraj Kumar Wankhede, Advocate For Respondent No.1/UOI : Mr. Tushar Dhar Diwan, Central Govt. counsel For Respondent No.2 & 10/State : Mr. Vivek Verma, Govt. Advocate (Hon’ble Shri Justice Naresh Kumar Chandravanshi) Order on Board 30.01.2026 1. The petitioner has preferred this writ petition under Article 226 of the Constitution of India, seeking following relief(s):- 10.1) The Hon'ble Court may kindly be pleased to call for the entire records leading to passing of the impugned order dated 27.11.2025 for the kind perusal of this Hon'ble Court; 10.2) The Hon'ble Court may kindly be pleased to set aside / quash the impugned order dated 27.11.2025 (Annexure P/1); 10.3) The Hon'ble Court may further kindly be pleased to restrain the Respondent Banks from taking any coercive action against the Petitioner, 10.4) The Hon'ble Court may further kindly be pleased to direct the Respondent No. 3 (Reserve Bank of India) and Respondent No. 4 (Banking Ombudsman) to initiate enquiry / investigation against the Respondent Banks and their respective officers with respect to their involvement in the illegal disbursement of personal loans to the Petitioner in gross violation of the notification, circular, and guidelines issued by the Respondent No. 3; 10.5) The Hon'ble Court may further kindly be pleased to direct the Respondent No. 3 (Reserve Bank of India) to issue guidelines for sanctioning and disbursement of personal loans through direct selling agents by Banks and Non- 3 Banking Financial Companies (NBFCs); 10.6) The Hon'ble Court may further kindly be pleased to direct the Respondent Authorities (Union of India and State of Chhattisgarh) to take necessary action to recover the amount from the Private Respondents as per law; 10.7) Cost of the petition may also be granted to the petitioner. 10.8) Any other relief which this Hon’ble Court deems fit and proper may also kindly be granted to the petitioner, in the interest of justice. 2. Learned counsel for the petitioner seeks permission of the Court to withdraw this writ petition with liberty to file fresh better constituted petition. 3. Learned counsel for the respondents have no objection to the prayer made by counsel for the petitioner. 4. On due consideration, learned counsel for the petitioner is permitted to withdraw this Petition. 5. Accordingly, this writ petition is dismissed of as withdrawn with aforesaid liberty. 6. Pending interlocutory application(s), if any, stands disposed of. Sd/- (Naresh Kumar Chandravanshi) Judge Bini