(1.) By way of the present writ petition under Article 226 of the Constitution of India, the petitioners, inter alia, are seeking the following reliefs:-
(2.) The factual matrix unfolds as under:-
(3.) In this back drop, the neat legal issue which arises for consideration is whether there existed an apparent conflict between the two legislations namely, the PFA Act along with the PFA Rules and the IMS Act till their alignment and if such an inconsistency existed, whether it was possible for the petitioner company to follow both the legislations simultaneously.