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2026 DAILYLAW 18870 (DEL)

RAM KISHOR ARORA v. RESERVE BANK OF INDIA & ANR.

W.P.(C)/11252/2026 · 2026-09-15

Jasmeet Singh

Writ Petition (Civil)body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

$~14 * IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010361672026 + W.P.(C) 11252/2026 & CM APPL. 52048/2026 RAM KISHOR ARORA .....Petitioner Through: Mr. Mudit Sharma, Ms. Nandini Sharma, Mr. Harsh Rajs, Advs. versus RESERVE BANK OF INDIA & ANR. .....Respondent Through: Mr. Ramesh Babu MR Senior Advocate with Ms. Nisha Sharma Adv for R1 Mr. Ajay Bhargava, Ms. Wamika Trehan, Mr. Siddhant Kumar, Advs. for R2 CORAM: HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 15.09.2026 CM APPL. 52048/2026 Allowed subject to all just exceptions. The application stands disposed of. W.P.(C) 11252/2026 1. This is a writ petition filed under Article 226 of the Constitution of India seeking the following substantial prayers :- “(a) Issue a Writ of Mandamus or any other appropriate writ, order, or direction, directing Respondent No. 1 (Reserve Bank of India) to immediately consider, adjudicate, and decide the pending representations of the Petitioner, including the latest representation dated This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 21/09/2026 at 11:17:52 10.10.2025, by passing a reasoned and speaking order in a time-bound manner, in strict compliance with the judicial directive issued by this Hon’ble Court vide Order dated 04.08.2022 in W.P. (C) No. 1479 of 2022; (b) Issue a Writ of Mandamus or any other appropriate writ, order, or direction, directing Respondent No. 1 to place before this Hon’ble Court a status report setting out the steps, if any, taken by it upon the representation treated as such vide Order dated 04.08.2022 in W.P. (C) No. 1479 of 2022 and upon the reminder representation dated 10.10.2025, together with the reasons for its inaction; (c) Issue a Writ of Mandamus or any other appropriate writ, order, or direction, directing Respondent No. 1 to put in place, in exercise of its powers under Chapter III-B of the Reserve Bank of India Act, 1934, an appropriate supervisory mechanism to ensure that entities regulated by it do not appropriate, sweep, set off or exercise any lien over monies lying to the credit of accounts maintained under Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016; (d) Issue a Writ of Mandamus or any other appropriate writ, order, or direction, directing Respondent No. 1 to exercise its statutory powers under Chapter III-B of the Reserve Bank of India Act, 1934 (including Section 45MA) to initiate a Court-monitored special audit and a comprehensive regulatory investigation into the affairs of This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 21/09/2026 at 11:17:52 Respondent No. 2, specifically regarding the unauthorized and arbitrary sweeping of INR 409.50 Crores from the statutory RERA Escrow Accounts;….” 2. A perusal of the prayers a, b and c shows that the petitioner is primarily aggrieved against non-compliance of the order dated 04.08.2022 passed in WP(C) 1479/2022 by this Court as well as non- consideration of the petitioner’s representation dated 10.10.2025. 3. Mr. Babu, learned senior counsel has handed over an order dated 09.06.2023 deciding the representation of Supertech Ltd. in terms of the order dated 04.08.2022 which is taken on record. 4. The said order dated 09.06.2023 would also cover the representation of the petitioner dated 10.10.2025. 5. For the said reason, the main grievance of the petitioner stands satisfied and the petitioner is at liberty to challenge the order dated 09.06.2023 in accordance with law. 6. The Court has not commented on the merits/demerits of the controversy in issue and all legal rights of the parties are left intact. 7. The petition is disposed of in the aforesaid terms. JASMEET SINGH, J SEPTEMBER 15, 2026 / (MS) This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 21/09/2026 at 11:17:52