Ashok Kumar Agarwal vs RBI Writ Dismissed

Authority: Court (Judge Ravi Krishan Kapur)

Order Date: 25 June 2026

Case Overview

• Petition filed by Ashok Kumar Agarwal against Reserve Bank of India and Yes Bank (WPA No. 7472 of 2026).
• Petitioners represented by Sudip Deb, A. Guha, S. Roy, Harshita Purohit; respondents Yes Bank represented by Suchismita Ghosh, Aradhita Banerjee.
• Matter placed on Days' List and returnable on 26 June 2026 at the request of Yes Bank.
• Respondent Bank submitted that during pendency there was no compliance with the Court’s earlier order and that Yes Bank (private respondent No. 3) was admitted to the Corporate Insolvency Resolution Process (CIRP) on 22 June 2026.

Final Outcome

• Court held that the writ petition could not be proceeded with and dismissed WPA 7472 as withdrawn.
• Liberty granted to the petitioner to file a fresh proceeding on the same cause if circumstances warrant.
• No adjudication on the merits or maintainability; all issues remain open for determination in a suitable forum.

Topics: Banking Regulation, Insolvency