LAWS(TLNG)-2022-11-90

BHEEMRAO JALIGAMA Vs. PUNJAB NATIONAL BANK

Decided On November 08, 2022
Bheemrao Jaligama Appellant
V/S
PUNJAB NATIONAL BANK Respondents

JUDGEMENT

(1.) The lis involved in the present batch of writ petitions is similar and therefore, the same were heard together and are decided vide the following common order.

(2.) Heard Ms. Pratusha Bopanna, learned counsel representing Sri Vardhineni Krishna Mohan, Sri B.Nalin Kumar, learned counsel for petitioners, Dr. K.Lakshmi Narasimha and Smt. Kalpana Ekbote, learned Standing Counsels appearing f3or respondent Banks. Perused the record.

(3.) The Petitioners in the writ petitions are registered valuers who challenge the clauses/correspondences which impose a mandatory condition for valuers seeking empanelment to execute a Letter of Indemnity in favour of the Respondent Bank(s) on the ground that the same is arbitrary, unconscionable, illegal and violative of Article 14 of the Constitution of India.