1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.4250 OF 2009 ... IDBI Officers organisation ..Petitioner v/s. IDBI Limited & ors. ..Respondents .. Mr.A.A.Kumbhakoni i/b Mr.L.M.Acharya for the Petitioner. Mr.N.R.Prajapati for Respondent No.3. Mr.S.K.Talsaniya with Mr.N.P.Deshpande i/b Pamrani & Pamrani for Respondent No.1. Mr.Suresh Kumar with Ms.Kirtida Chandarama i/b Mahernash Humran for Respondent No.2. ... CORAM: D.K.DESHMUKH, & K.K.TATED, JJ DATED:3rd December, 2009 P.C.: Rule. Returnable forthwith. Heard finally by consent of parties. 2 2. By consent of parties, the order dated 10th September, 2009 is set aside. 3. Within a period of two weeks from today the Petitioner and the Respondent No.1 shall submit their representations to Respondent No.2. Before submitting their representations, they will serve copy thereof on each other. If they want to file any further submissions/documents, they shall be filed before the Respondent No.2 within a period of further two weeks, with copy thereof to other side. 4. After pleadings are completed by the parties within the time-frame mentioned above, the RBI shall grant an opportunity of being heard to the Petitioner and the Respondent No.1 and make its order in 3 accordance with law as expeditiously as possible, in any case within a period of six weeks from the date on which pleadings are completed. 5. The learned Counsel appearing for the RBI states that the parties shall be heard and the order shall be made by the Chief General Manager, in-charge, Department of Banking Operation and Development, RBI. Statement accepted. 6. Against the order to be made by the RBI, the parties shall be free to adopt the remedy that may be available to them in law, if they feel aggrieved by the order passed by the RBI. It is made clear that if any party, other than the Petitioner and the Respondent No.1, approaches the Respondent No.2 for granting an opportunity of being heard, the 4 Respondent No.2 shall consider such request in accordance with law. 7. Rule made absolute. No order as to costs. (D.K.DESHMUKH, J.) (K.K.TATED, J.)