LAWS(SC)-2004-2-76

PRAMOD MALHOTRA Vs. UNION OF INDIA

Decided On February 26, 2004
PRAMOD MALHOTRA Appellant
V/S
UNION OF INDIA Respondents

JUDGEMENT

(1.) This Writ Petition has been filed challenging a scheme framed by the Reserve Bank of India (for short RBI). Mr. Lalit very fairly stated at the beginning that he is not challenging the scheme and that the only prayer he is pressing is Prayer (g), which reads as follows :

(2.) At this stage, the facts may be briefly set out :

(3.) SBL applied for a license. It appears that RBI did not issue any notice informing SBL that the license could not be granted.