Supreme Court · 2008 INSC 745 · Decided 9 June 2008

Reserve Bank of India v. Sahara India Financial Corporation

Court
Supreme Court of India
Citation
2008 INSC 745 · [2008] 9 S.C.R. 1110
Case number
CIVIL APPEAL No. 4193/2008
Decided
9 June 2008
Bench
ARIJIT PASAYAT, P.P. NAOLEKAR (2-judge bench)
Outcome
Disposed off
Case type
Civil

Headnote

1110 A RESERVE BANK OF INDIA . 1 v. ' SAHARA INDIA FINANCIAL CORP. LTD. & ORS. (Civil Appeal No. 4193 of 2008) B JUNE 9, 2008 [DR. ARIJIT PASAYAT AND P.P. NAOLEKAR, JJ] FINANCIAL CORPORATION - Serious infirmities al- -I - leged against - Show Cause Notice issued by Reserve Bank c of India -- - HELD: Although principles of natural jus- tice have been followed, yet, in view of the nature of proceed- 0 ings and peculiar facts involved in the instant case, it would be appropriate for RBI to give an opportunity of hearing to the Corporation - Ordered accordingly - Order not to be

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