1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO. 342 OF 2008 ... The Standard Chartered Bank ...Petitioners v/s. Union of India and ors. ...Respondents .. Mr.P.K.Rele, Sr.Counsel with Mr.Vinod Tayade i/b Piyush Shah for the Petitioners. Mr.A.B.Ketkar, AGP for the state. mr.M.S.Topkar for Respondent No.4. Mr.H.K.Vardhan for Respondent No.5. ... CORAM: D.K.DESHMUKH, & R.G.KETKAR, JJ DATED: 31th August, 2009 P.C.: 1. The learned Counsel appearing for the Board States that the Board will withdraw the criminal cases CC No.5206/SS of 2007, CC No. 653/SS of 2007 and CC No.248 of 2007 pending before the Chief Metropolitan Magistrate, 38th 2 Court with liberty to file a fresh complaint, if so advised. 2. The learned Counsel further states that within a period of two weeks from today the Petitioners will be supplied a copy of the inspection report on the basis of which the show cause notice dated 29th October, 2007, copy of which is at Exh.B, has been issued and other inspection reports on the basis of which other show cause notices have been issued to the Petitioners. 3. The learned Counsel appearing for the Petitioners states that within a period of four weeks from the date of receiving the copies of the report the Petitioners will submit their submissions along with documents on which the Petitioners want to rely to the Board. 3 4. The learned Counsel appearing for the Board states that after receiving the submissions from the Petitioners along with the documents, if the Board feels necessary the Board may give the Petitioners an opportunity of being heard personally. However, if the Board feels that such personal hearing is not necessary, the Board shall proceed to pass a speaking order in relation to the show cause notice. Statements are accepted. 5. It is clarified that the Board shall be at liberty to file a criminal complaint depending on its decision pursuant to the show cause notice. It is also clarified that all the remedies that the Petitioners may have against the order to be passed by the Board are kept open to be pursued by the 4 Petitioners, in case the order goes against them. 6. Petition disposed of. (D.K.DESHMUKH, J.) (R.G.KETKAR, J.)