Kishore Biyani v. Reserve Bank of India
Case brief
What is this about?
Bombay High Court writ petition made absolute in terms of prayer clause (b) and disposed of after RBI withdrew its master circular dated 22.12.2014; the impugned show cause notice was issued on the strength of the withdrawn circular. Petitioners: Kishore Biyani and Anr. (advocates: Ankit Lohia, Petrushka Dasuupta, Altamash Qureshi, instructed by Link Legal). Respondents: Reserve Bank of India and Ors. (advocates: Prasad Shenoy, Aditi Phatak, Ishita Desai, P. Zaiwalla, instructed by BLAC Co.). Bench: M.S. Karnik and S.M. Modak, JJ. Decision date: 21 January 2026. No statutes or case law cited.
What did the court decide?
Writ Petition made absolute in terms of prayer clause (b) (relief concerning the impugned show cause notice issued on the strength of the RBI master circular dated 22nd December 2014); Writ Petition disposed of accordingly.