2019 (11) TMI 1753 - HC - Indian Laws

Constitutional Validity of the circular dated 01.7.2016 updated on 03.7.2017 - no provision of giving an opportunity of hearing and is in violation of the principle of audi alteram partem - validity of fraud monitoring return dated 9.7.2019 - HELD THAT - Let respondents No.1 2 4 be served through dasti summons for 16.12.2019.

Summary

The High Court of Punjab and Haryana allowed an application to place a true typed copy on record. In a case challenging the validity of a circular by the Reserve Bank of India on fraud reporting, the court issued notices and directed no coercive steps against the petitioners until further hearing on 16.12.2019.