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2026 DAILYLAW 4741 (AP)

KRISHNAM RAJU FISHERIES v. RESERVE BANK OF INDIA

WP/20570/2025 · 2026-07-01

Ravi Cheemalapati

body2026

Judgment text

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Date of reserved for orders : Date of pronouncement : 02.07.2026 Date of uploading : APHC010400352025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3332] THURSDAY, THE 2nd DAY OF JULY 2026 PRESENT THE HONOURABLE SRI JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 20570/2025 Between: 1. KRISHNAM RAJU FISHERIES, REP. BY ITS MANAGING PARTNER, VEGESNA KRISHNAM RAJU, S/O. KALI KRISHNAM RAJU AGED ABOUT 67 YEARS, R/O.D.NO. 27-2-16, FLAT NO. 101, SRI VIDHA NIVAS, SRIRAMPURAM, BHIMAVARAM-2. WEST GODAVARI DISTRICT. ...PETITIONER AND 1. RESERVE BANK OF INDIA, REP. BY ITS GOVERNOR HEAD OFFICE AT 16TH FLOOR, CENTRAL OFFICE BUILDING, SHAHID BHAGAT SINGH ROAD, MUMBAI-400 001. 2. AXIS BANK LTD, REP. BY ITS PRINCIPAL NODAL OFFICER, NPCI, 5TH FLOOR, GIGAPLEX, PLOT NO I.T.S, MIDC, AIROLI KNOWLEDGE PARK, AIROLI, NAVI MUMBAI- 400 708. 3. THE REGIONAL DIRECTOR, RESERVE BANK OF INDIA, CF38JX5, 6-1-56, AG OFFICE RD, SAIFABAD, KHAIRTABAD, HYDERABAD, TELANGANA-500004. 4. AXIS BANK LTD, CHINAMIRAM BRANCH REP. BY THE MANAGER (BRANCH HEAD) CHINNAMIRAM, BHIMAVARAM, 2 WEST GODAVARI DISTRICT-534202. 5. THE INSPECTOR, CYBER CRIME POLICE STATION, KUTCHERY CHOWK, RANCHI, JHARKHAND PIN 834 002, ...RESPONDENT(S): Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue an appropriate Writ, Order or direction more particularly one in the nature of Writ of MANDAMUS declaring the action of the Respondents No. 2 4 in not releasing the property documents relating to loan A/C No. 923030060540413 of the petitioner Firm in-spite of the representation dt. 23-05-2025 even after months of clearing the entire loan/charges as demanded by it and to its complete satisfaction as arbitrary, illegal, contrary to the norms of Reserve Bank Of India and consequently to direct the Respondents No. 2 and 4 to release the property documents which was deposited in relating to loan A/c no. 923030060540413 to the petitioner Firm forthwith and to pass IA NO: 1 OF 2025 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to direct the Respondents 2 and 4 to release the documents in relating to loan A/c. No. 923030060540413 of the Petitioner Firm forthwith, pending disposal of the above writ petition and pass Counsel for the Petitioner: 1. GHANTASALA UDAYA BHASKAR Counsel for the Respondent(S): 1. KUNUKU RAJA SEKHAR 2. The Court made the following: 3 ORDER: Sri Ghantasala Udaya Bhaskar, learned counsel for the petitioner seeks permission of this Court to withdraw the present writ petition. Permission is accorded. Accordingly, the Writ Petition is dismissed as withdrawn. There shall be no order as to costs. As a sequel, miscellaneous applications, pending if any, shall stand closed. _____________________________ JUSTICE RAVI CHEEMALAPATI Date: 02nd July, 2026 RKS Whether the order is: Speaking Reasoned Reportable Non-reportable