There is no res judicata, estoppel, waiver or acquiescence against law, particularly one which casts a public duty on a statutory authority. Argument notes by Nedumpara
BEFORE THE HON’BLE HIGH COURT OF KERALA AT ERNAKULAM W.P. (C) No. 42050 of 2025 M/s. Sark Spice Products Pvt. Ltd. & Anr. …Petitioners V/s Reserve Bank of India & Ors. …Respondents ARGUMENT NOTES FILED BY THE COUNSEL FOR THE PETITIONERS I. The case of the Petitioners i. The Petitioner is an MSME (Small enterprise) registered under the MSMED Act. The notification dated 29.5.2015 mandates the Banks and financial institutions to constitute a committee and make an application to it at least when the bank notices a default in the account of an MSME, namely, where the principal and interest have not been serviced for a period...
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