Parekh Industries Limited v. The Reserve Bank of India
Case brief
What is this about?
Parekh Industries Limited v Reserve Bank of India; Bombay High Court; Writ Petition (Lodging) No.37348 of 2024; RBI Ombudsman order dated 03.10.2024 declaring complaint not maintainable quashed and set aside; complaint restored to original file; fresh consideration directed in light of Union Bank of India letter dated 06.12.2023 to RBI; RBI permitted to seek documents from petitioner and bank; judicial review of Ombudsman maintainability rejection; rule made absolute; petition allowed.
What did the court decide?
Impugned order dated 3rd October 2024 of respondent No.2 (RBI Ombudsman) quashed and set aside; petitioner's complaint restored to its original file; respondent No.2 to reconsider the complaint afresh in light of Union Bank of India's letter dated 6th December 2023; respondent No.1 free to seek necessary documents from the petitioner and respondent No.3; rule made absolute; petition disposed of accordingly.