Supreme Court · 2020 INSC 264 · Decided 4 March 2020
Internet and Mobile Association of India v. Reserve Bank of India
- Court
- Supreme Court of India
- Citation
- 2020 INSC 264 · [2020] 2 S.C.R. 297
- Case number
- WRIT PETITION (CIVIL) No. 528/2018
- Decided
- 4 March 2020
- Bench
- R.F. NARIMAN, ANIRUDDHA BOSE, V. RAMASUBRAMANIAN (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Writ / Constitutional
- Acts & sections cited
- Constitution Article 19(1)(g)
Headnote
Reserve Bank of India Act, 1934 - ss.17, 20-22, 26, 38, 45JA, 45L, 45U, 45W, 45Z-45ZO - Reserve Bank of India (RBI) issued a "Statement on Developmental and Regulatory Policies" dtd. 05.04.18 and circular dtd. 06.04.18 respectively, which directed the entities to deal with or provide services to any individual/business entities dealing with/settling virtual currencies (VCs) and (ii) to exit the relationship, if they already have one, with such individuals/business entities - Challenged by petitioners (a specialized industry body representing
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