The firm advised and represented Castex Technology Limited, Metalyst Forgings Limited, Alliance Integrated Mettaliks Limited, OCL Iron and Steel Limited – various subsidiaries of Amtek Auto Ltd. before the High Court of Karnataka in the Writ Petitions filed against the Vijaya Bank. The Writ Petition challenged Vijaya Bank’s action in declaring the above companies, as “wilful defaulters” and threatened to publish their photographs as a wilful defaulter in widely circulated newspapers. The impugned actions of the Vijaya Bank is patently illegal and in violation of the Reserve Bank of India, Guidelines dated February 26, 2014, on Joint Lender Forum, Corrective Action Plan and the Master Joint Lenders Forum Agreement signed by the Vijaya Bank with all other secured creditors. This case is significant as under the RBI Guidelines and the JLF Agreement, the decisions agreed upon by a minimum of 75% of Lenders by value and 60% of Lenders by number would be the basis for proceeding with the restructuring and recovery action and shall be binding on the Lenders and Vijaya Bank has significantly violated the same and the said issue is being adjudicated by the High Court of Karnataka.