THE HON’BLE SRI JUSTICE NOUSHAD ALI WRIT PETITION No.25868 of 2009 Date: 24.03.2011 Between: M/s. Shah Combines, rep.by its Managing Partner Mr. Kirit G. Shah, ECIL Post, Hyderabad. … Petitioner and The Union of India, through the Secretary, Ministry of Finance, Department of Financial Services, Jeevan Deep Buildings, Parliament Street, New Delhi and others. … Respondents THE HON’BLE SRI JUSTICE NOUSHAD ALI WRIT PETITION No.25868 of 2009 ORDER : Heard Sri G. Sanjeeva Reddy, learned counsel appearing for the petitioner as well as Sri Ponnam Ashok Goud, learned Assistant Solicitor General. 2. The petitioner-firm availed credit facility for a sum of Rs.5-00 Crores on 24.12.2007 from the Union Bank of India, represented by the 2nd respondent herein, secured by certain properties of its own. Subsequently, due to the global recession, the petitioner-firm suffered losses and defaulted in repayment of the said amount. In the meanwhile, the 2nd respondent-bank directed the petitioner-firm to pay an amount of Rs.5,64,10,968-26 ps with interest and charges. As the bank insisted for repayment of the said amount, the petitioner-firm made a representation dated 18.9.2009 seeking to re-schedule the repayments and to waive the interest payable thereon. The petitioner-firm also made similar representation to the 1st respondent-Secretary, Ministry of Finance, Union of India, New Delhi, who inturn forwarded the same to the bank directing to consider the said representation on merits. As the bank did not consider the said representation, the petitioner-firm filed the present writ petition. 3. Indisputably, the petitioner-firm availed the credit facility for a sum of Rs.5-00 Crores and committed default in repayment of the said amount. Whether the repayment should be re-scheduled and whether the interest has to be waived are all the issues, which are within the domain of the bank and this Court cannot interfere in such matters. No provision of law nor any scheme nor any instrument having the force of law has been placed before this Court to give a direction as sought for by the petitioner. 4. In that view of the matter, no relief can be granted to the petitioner-firm in this writ petition. However, the petitioner-firm is at liberty to approach the bank and pursue its remedies as are available under law. 5. Subject to the above observation, the writ petition is dismissed at the admission stage. No order as to costs. _________________________ JUSTICE NOUSHAD ALI 24.03.2011. Msr THE HON’BLE SRI JUSTICE NOUSHAD ALI WRIT PETITION No.25868 of 2009 24.03.2011 (Msr)