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INTERNET AND MOBILE ASSOCIATION OF INDIA vs RESERVE BANK OF INDIA

Supreme Court of IndiaJudgment

About this record

The Supreme Court of India decided this matter on 4 March 2020. The registry identifies it as Diary No. 19230/2018. The bench of 3 comprised Justice V. Ramasubramanian, Justice S. Ravindra Bhat and Justice Rohinton Fali Nariman.

The disposal recorded by the registry is "The Court set aside the RBI circular, directed RBI to allow banking services to crypto ex…". The record refers to 3 enactments, among them Reserve Bank of India Act, 1934, Banking Regulation Act, 1949 and Payment and Settlement Systems Act, 2007. 6 statutory provisions are noted on the record.

Court record

Court record details
CourtSupreme Court of India
Record typeJudgment
Diary numberDiary No. 19230/2018
Date of decision
Decision year2020
Bench
  • HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
  • HON'BLE MR. JUSTICE S. RAVINDRA BHAT
  • HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
PetitionerINTERNET AND MOBILE ASSOCIATION OF INDIA
RespondentRESERVE BANK OF INDIA
DisposalThe Court set aside the RBI circular, directed RBI to allow banking services to crypto exchanges, and emphasized propor…
Reportingreportable
Acts
  • Reserve Bank of India Act, 1934
  • Banking Regulation Act, 1949
  • Payment and Settlement Systems Act, 2007
Sections
  • Section 35A
  • Section 36(1)(a)
  • Section 45JA
  • Section 45L
  • Section 10(2)
  • Section 18

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