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2026 DAILYLAW 51672 (MAD)

NEXT GEN PAYON PRIVATE LIMITED v. RESERVE BANK OF INDIA(RBI)

WP/27413/2026 · 2026-07-16

Mohammed Shaffiq

Transfer Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

WP No. 27413 of 2026 __________ Page1 of 4 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 16-07-2026 CORAM THE HON'BLE MR.JUSTICE MOHAMMED SHAFFIQ WP No. 27413 of 2026 Next Gen Payon Private Limited Rep by its Manager Having office at 626 1 Saravanampattihur Chinnavedampatti Coimbatore-641 049 ..Petitioner(s) Vs 1. Reserve Bank Of India (RBI) Chennai Regional office Fort Glacis No.16 Rajaji salai Chennai-600 001 2. State Bank of India (03690)-Ganapathy (coimbatore) No.285,Sathyamangalam Road Gandhipuram Coimbatore-641 012 IFSC CODE-SBIN0003690 ..Respondent(s) Writ Petition filed under Article 226 of the Constitution of India, seeking issuance of a Writ of Mandamus, directing the 2nd respondent to forthwith de-freeze the Current Account No.44172470041 with the 2nd respondent Bank as sought for in the petitioner’s representations dated 22.06.2026 and 23.06.2026 and restore complete operational access to the account. https://www.mhc.tn.gov.in/judis WP No. 27413 of 2026 __________ Page2 of 4 For Petitioner(s): Mr.Subhang P Nair For Respondent(s): Mr.Chandrasekaran Standing Counsel for R2 ORDER By consent of learned counsel on both sides, this writ petition is taken up for final disposal at the admission stage itself. 2. The present writ petition has been filed praying for a writ of Mandamus to direct 2nd respondent to forthwith de-freeze the Current Account No.44172470041 with the 2nd respondent Bank as sought for in petitioner’s representations dated 22.06.2026 and 23.06.2026 and restore complete operational access to the account. 3. At the outset, the learned counsel appearing for the second respondent would submit that petitioner's representations dated 22.06.2026 and 23.06.2026 would be considered and appropriate orders would be passed, within a time period to be stipulated by this Court. Agreed to by the learned counsel for petitioner. 4. In view of the same, taking into consideration the facts and circumstances of the case and the limited relief sought for in this Writ Petition, https://www.mhc.tn.gov.in/judis WP No. 27413 of 2026 __________ Page3 of 4 there shall be a direction to the second respondent to consider the representations dated 22.06.2026 and 23.06.2026 on its own merits and pass appropriate orders in accordance with law, after issuing notice and after affording reasonable opportunity of hearing to petitioner and any other interested persons within a week from the date of uploading of web copy without waiting for receipt of certified copy of the order. Petitioner shall appear before the second respondent on 21.07.2026 at 11.00 a.m. It is made clear that this Court has not expressed any views on the merits of the case and it is open to the concerned respondent to consider the case on its own merits and in accordance with law. 5. Accordingly, the writ petition stands disposed of. No costs. 16-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No ANU To 1. Reserve Bank Of India(RBI) Chennai Regional office Fort Glacis No.16 Rajaji salai chennai-600 001 2. State Bank of India (03690)-Ganapathy (coimbatore) No.285,Sathyamangalam Road Gandhipuram Coimbatore-641 012 IFSC CODE-SBIN0003690 https://www.mhc.tn.gov.in/judis WP No. 27413 of 2026 __________ Page4 of 4 MOHAMMED SHAFFIQ, J. ANU WP No. 27413 of 2026 16-07-2026 https://www.mhc.tn.gov.in/judis