Calcutta High Court
WPA/18922/2024 of SHASHI AGARWAL Vs UNION OF INDIA AND ORS. on 21 August 2026
Court No. 12 Item No.01 Cp WPA No. 18922 of 2024 Shashi Agarwal Vs. The Union of India & Ors. Mr. Shantanu Mishra Mr. Diptomoy Takukdar Mr. A . K. Mishra …..for the petitioner. Mr. Jishnu Chowdhury, Sr. Advocate Ms. Aparajita Rao Ms. Nabanita Dutta ….for the IBBI. Ms. Rashmi
21.08.2026
Court No. 12
Item No.01
Cp
WPA No. 18922 of 2024
Shashi Agarwal
Vs.
The Union of India & Ors.
Mr. Shantanu Mishra
Mr. Diptomoy Takukdar
Mr. A. K. Mishra
…..for the petitioner.
Mr. Jishnu Chowdhury, Sr. Advocate
Ms. Aparajita Rao
Ms. Nabanita Dutta
….for the IBBI.
Ms. Rashmi Bothra
……for the Union of India.
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1. In view of the judgment and order passed by this Court in WPA 10330 of 2022, dated July 14, 2026, in which the show cause notice and the decision of the IBBI was set aside, I am of the view that the prayers in the writ petition should be allowed. All the decisions that were taken by the authority against the writ petitioner stood set aside by this Court in WPA 10330 of 2022.
2. The Court is informed that the IBBI has proceeded de novo from the stage of investigation and is not inclined to give effect to the show cause notice dated May 14, 2024, the order dated
2 June 26, 2024 and the consequential steps taken pursuant to such order.
3. Under such circumstances, the prayers b) and c) in the writ petition are allowed. The same are quoted below:- “b) A writ of and/or in the nature of Mandamus be issued commanding the respondents, their men, agents and assigns to recall, rescind and set aside the show cause notice dated May 14, 2024, issued by Respondent no. 3;
c) A writ of and/or in the nature of Mandamus be issued commanding the respondents, their men, agents and assigns to recall, rescind and set aside the order dated June 26, 2024 passed by Respondent no. 4;”
4. Accordingly, the writ petition is, thus, disposed of.
5. The direction of this Court dated October 4, 2024, to maintain a continuous balance of Rs.2 lakhs in the bank account of the writ petitioner stands recalled.
6. Parties are directed to act on the basis of the server copy of this order.
(Shampa Sarkar, J.)