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BARE ACTS

Supreme Court (SC) Judgements on Reserve Bank of India Act, 1934

Bare Act Title Category / State
Reserve Bank of India Act, 1934 Banking Laws
 

List of Judgements

Hongkong and Shanghai Banking Corporation Ltd. Vs. Awaz & Ors.

Judgement Date : december/2024, Citation : 2024 Latest Caselaw 830 SC

Association for Democratic Reforms & Anr. Vs. Union of India & Ors.

Judgement Date : february/2024, Citation : 2024 Latest Caselaw 94 SC

State Bank of India & Ors. Vs. Rajesh Agarwal & Ors.

Judgement Date : march/2023, Citation : 2023 Latest Caselaw 388 SC

Vivek Narayan Sharma Vs. Union of India

Judgement Date : january/2023, Citation : 2023 Latest Caselaw 15 SC

M/s. Muthoot Leasing and Finance Ltd. Vs. Commissioner of Income Tax

Judgement Date : january/2023, Citation : 2023 Latest Caselaw 2 SC

HDFC Bank Ltd. & Ors. Vs. Union of India & Ors.

Judgement Date : september/2022, Citation : 2022 Latest Caselaw 792 SC

Securities and Exchange Board of India Vs. Rajkumar Nagpal

Judgement Date : august/2022, Citation : 2022 Latest Caselaw 679 SC

Nedumpilli Finance Company Ltd. Vs. State of Kerala & Ors.

Judgement Date : may/2022, Citation : 2022 Latest Caselaw 412 SC

Shobha Vs. The Chairman, Vithalrao Shinde Sahakari Sakhar Karkhana Ltd.

Judgement Date : march/2022, Citation : 2022 Latest Caselaw 223 SC

Akshay N Patel Vs. Reserve Bank of India

Judgement Date : december/2021, Citation : 2021 Latest Caselaw 641 SC

M/s. Newtech Promoters and Developers Pvt. Ltd. Vs. State of Uttar Pradesh

Judgement Date : november/2021, Citation : 2021 Latest Caselaw 560 SC

SEPCO Electric Power Construction Corporation Vs. Power Mech Projects Ltd.

Judgement Date : august/2021, Citation : 2021 Latest Caselaw 347 SC

Forum for People's Collective Efforts (FPCE) Vs. State of West Bengal

Judgement Date : april/2021, Citation : 2021 Latest Caselaw 234 SC

Headnote :

The Constitution of India, 1950, Articles 32 and 142, along with the West Bengal Housing Industry Regulation Act, 2017, have been examined for their constitutional validity. The WB-HIRA has repealed the WB 1993 Act, but it is found to be inconsistent with RERA, rendering it unconstitutional. As a re...

Association for Democratic Reforms Vs. Union of India

Judgement Date : march/2021, Citation : 2021 Latest Caselaw 172 SC

Headnote :

A. Under Section 31 of the Reserve Bank of India Act, 1934, Section 29C of the Representation of the People Act, 1951, and Section 131 of the Income Tax Act, 1961, regarding Electoral Bonds - Stay - The petitioner claimed that the Electoral Bonds Scheme permits political party donors to remain anony...

M/S IMPERIA STRUCTURES LTD. vs. ANIL PATNI

Judgement Date : november/2020, Citation : 2020 Latest Caselaw 586 SC

Headnote :

NOTICEDelay in the delivery of flat possession - Complaint - Allottees of the flat have the option to either pursue appropriate actions under the Consumer Protection Act or submit an application under the RERA Act.A. Consumer Protection Act, 1986, Section 23 - Real Estate (Regulation and Development...

UNION OF INDIA vs. M/S G.S. CHATHA RICE MILLS

Judgement Date : september/2020, Citation : 2020 Latest Caselaw 523 SC

Headnote :

CRUCIALThe improvement in the process of uploading Custom Duty notifications in the e-Gazette is of great importance.CRUCIALCustom Duty Enhancement - An increase in the duty rate, as authorized by Section 8A of the Customs Tariff Act, can only take effect prospectively.A. Under the Customs Tariff Ac...

RAKESH KUMAR AGARWALLA vs. NATIONAL LAW SCHOOL OF INDIA UNIVERSITY, BENGALURU

Judgement Date : september/2020, Citation : 2020 Latest Caselaw 520 SC

Headnote :

CRUCIALAdmission to the Law Course - The separate admission notice issued by the National Law School of India University, in the event of a delay in CLAT 2020, is not valid.A. Constitution of India, 1950, Article 32 - National Law School of India Act, 1986, Section 13 - Admission to the National Law...

PANDURANG GANPATI CHAUGULE vs. VISHWASRAO PATIL MURGUD SAHAKARI BANK LIMITED

Judgement Date : may/2020, Citation : 2020 Latest Caselaw 356 SC

Headnote :

CRUCIALThe recovery process outlined in Section 13 of the SARFAESI Act applies to Cooperative Banks.The Reserve Bank of India exercises significant and comprehensive control over primary credit societies engaged in banking activities.Co-operative banks, whether established under State legislation or...

INTERNET AND MOBILE ASSOCIATION OF INDIA vs. RESERVE BANK OF INDIA

Judgement Date : march/2020, Citation : 2020 Latest Caselaw 238 SC

Headnote :

IMPORTANTCryptocurrencies, also known as virtual currencies, are not recognized as legal tender; however, they can perform many of the functions of traditional currency.Cryptocurrencies can be classified under the category of \"other similar instruments\" as specified in Section 2(h) of FEMA, 1999.T...

VINAY KUMAR MITTAL vs. DEWAN HOUSING FINANCE CORPORATION LTD

Judgement Date : january/2020, Citation : 2020 Latest Caselaw 110 SC

Headnote :

The Reserve Bank of India Act, 1934, Section 45(q)(a) and the Insolvency and Bankruptcy Code, 2016, Section 21(6A) - Reliance Nippon Life Asset Management Ltd. has initiated a commercial lawsuit against the respondent to recover the amount invested in the respondent\'s Non-convertible debentures. Th...

MUNICIPAL CORPORATION OF GREATER MUMBAI (MCGM) vs. ABHILASH LAL

Judgement Date : november/2019, Citation : 2019 Latest Caselaw 1114 SC

Headnote :

A. Under the Insolvency and Bankruptcy Code of 2016, Section 30, and the Mumbai Municipal Corporation Act of 1888, Section 92, the resolution plan\'s sustainability is in question. The Corporation had leased land to the corporate debtor for a period of 30 years for the purpose of constructing a hosp...

K. H. NAZAR vs. MATHEW K. JACOB

Judgement Date : september/2019, Citation : 2019 Latest Caselaw 886 SC

Headnote :

IMPORTANTA commercial site cannot encompass vacant land - Consequently, a quarry does not qualify as a commercial site - The provisions of beneficial legislation must be interpreted with a purpose-driven perspective.A. Kerala Land Reforms Act, 1963, Sections 2(5) and 81(1)(q) - Regarding quarrying l...

Pioneer Urban Land and Infrastructure Limited v. Union of India

Judgement Date : august/2019, Citation : 2019 Latest Caselaw 698 SC

Headnote :

The Insolvency and Bankruptcy Code of 2016, specifically Sections 5(7) and 7, along with Section 2 of the Real Estate (Regulation and Development) Act of 2016.

Dharani Sugars and Chemicals Ltd. Vs. Union of India

Judgement Date : april/2019, Citation : 2019 Latest Caselaw 336 SC

Union of India Vs. Nareshkumar Badrikumar Jagad

Judgement Date : november/2018, Citation : 2018 Latest Caselaw 874 SC

Sonvir @ Somvir Vs. The State of NCT of Delhi [JULY 02, 2018]

Judgement Date : july/2018, Citation : 2018 Latest Caselaw 417 SC

Macquarie Bank Limited Vs. Shilpi Cable Technologies Ltd. [December 15, 2017]

Judgement Date : december/2017, Citation : 2017 Latest Caselaw 916 SC

Vivek Narayan Sharma Vs. Union of India [16th December, 2016]

Judgement Date : december/2016, Citation : 2016 Latest Caselaw 929 SC

Reserve Bank of India Vs. Jayantilal N. Mistry [December 16, 2015]

Judgement Date : december/2015, Citation : 2015 Latest Caselaw 835 SC

E. Bapanaiah Vs. Sri K.S. Raju etc. [November 07, 2014]

Judgement Date : november/2014, Citation : 2014 Latest Caselaw 692 SC

Subrata Chattoraj Vs. Union of India & Ors. [May 9, 2014]

Judgement Date : may/2014, Citation : 2014 Latest Caselaw 353 SC

Soma Suresh Kumar Vs. Government of Andhra Pradesh & Ors. [September 12, 2013]

Judgement Date : september/2013, Citation : 2013 Latest Caselaw 640 SC

State of M.P. and Others Vs. Sanjay Nagayach and Others [May 16, 2013]

Judgement Date : may/2013, Citation : 2013 Latest Caselaw 394 SC

Radhey Shyam Vs Union of India [September 26, 2012]

Judgement Date : september/2012, Citation : 2012 Latest Caselaw 538 SC

K.K. Baskaran Vs State rep. by its Secretary, Tamil Nadu & Ors.

Judgement Date : march/2011, Citation : 2011 Latest Caselaw 194 SC

Andhra Bank Vs. Andhra Bank Officers & ANR [2008] INSC 836 (8 May 2008)

Judgement Date : may/2008, Citation : 2008 Latest Caselaw 469 SC

Federal Bank Ltd. Vs. Sagar Thomas & Ors [2003] INSC 486 (26 September 2003)

Judgement Date : september/2003, Citation : 2003 Latest Caselaw 480 SC

T. Velayudhan Achari & ANR Vs. Union of India & Ors [1993] INSC 66 (5 February 1993)

Judgement Date : february/1993, Citation : 1993 Latest Caselaw 65 SC

Headnote :

The petitioners in the writ petition contested the constitutional validity of Chapter III-C in conjunction with Section 58B(5A) of the Reserve Bank of India Act, 1934, which was introduced by the Banking Laws (Amendment) Act of 1983. Accompanying the writ petition were several civil appeals, in whic...

Peerless General Finance and Investmentco. Ltd. & ANR Vs. Reserve Bank of India [1992] INSC 33 (30 January 1992)

Judgement Date : january/1992, Citation : 1992 Latest Caselaw 33 SC

Headnote :

In its ruling on the case of Reserve Bank of India v. Peerless General Finance and Investment Co. Ltd., [1987] 1 SCC 424, the Court noted that the Reserve Bank of India (RBI) had the legal authority to implement measures to regulate the savings schemes operated by Residuary Non-Banking Companies (RN...

Delhi Cloth and General Mills, Vs. Union of India, [1983] INSC 83 (21 July 1983)

Judgement Date : july/1983, Citation : 1983 Latest Caselaw 83 SC

Headnote :

Section 58A of the Companies Act, 1956 grants the Central Government the authority to set conditions under which companies may solicit or accept deposits from the public or their members. According to sub-rule (1) of rule 3A of the Companies (Acceptance of Deposits) Rules, 1975, a company that invit...

V.T. Khanzode & Ors Vs. Reserve Bank of India & ANR [1982] INSC 36 (5 March 1982)

Judgement Date : march/1982, Citation : 1982 Latest Caselaw 36 SC

Headnote :

According to the Reserve Bank of India (Staff) Regulations, 1948, established under section 58 of the Reserve Bank of India Act 1934, the service terms and conditions for the staff (including officers) of the Reserve Bank have been periodically revised and regulated.Since the implementation of the S...

Srinivasa Enterprises & Ors Vs. Union of India [1980] INSC 188 (24 September 1980)

Judgement Date : september/1980, Citation : 1980 Latest Caselaw 188 SC

Headnote :

Prize Chits are a form of savings scheme where the organizer collects contributions either as a lump sum or through monthly installments over a designated period from participants. At regular intervals, a draw is held for the numbers assigned to members with tickets or units, and the holder of the w...

State of Gujarat & ANR Vs. Acharya D. Pandey & Ors [1970] INSC 211 (12 October 1970)

Judgement Date : october/1970, Citation : 1970 Latest Caselaw 211 SC

Headnote :

The allegations stated that the first accused, who served as the Acharya of a public trust, withdrew funds from the trust to cover his tax obligations, while the other accused, as trustees, were complicit in these legal violations, and that the funds were later reimbursed. As a result, the accused w...

Commissioner of Income-Tax, Gujarat Vs. Jayantilal Amratlal, Ahmedabad [1967] INSC 149 (5 May 1967)

Judgement Date : may/1967, Citation : 1967 Latest Caselaw 149 SC

Headnote :

J established a charitable trust through a trust deed, which was registered with the Charity Commissioner in accordance with the Bombay Public Trust Act of 1950. For the fiscal year 1958-59, the Income-tax Officer determined that the settlor had retained extensive powers for his own benefit and had...

Joseph Kuruvilla Vellukunnel Vs. The Reserve Bank of India & Ors [1962] INSC 89 (7 March 1962)

Judgement Date : march/1962, Citation : 1962 Latest Caselaw 89 SC

Headnote :

Sub-section (1) of section 38 of the Banking Companies Act, 1949, states: \"Notwithstanding any provisions in sections 391, 392, 433, and 583 of the Companies Act, 1956... the High Court shall order the winding up of a banking company...\" if the Reserve Bank has submitted an application for its win...

M/S. French India Importing Corporation, Delhi Vs. The Chief Controller of Imports & Exports & Ors [1961] INSC 187 (26 April 1961)

Judgement Date : april/1961, Citation : 1961 Latest Caselaw 187 SC

Headnote :

The petitioners entered into agreements with certain British companies to import bicycles and bicycle parts to Pondicherry, which was then a French territory, following the procedures outlined by French law. The goods reached Pondicherry after the French territories merged with India based on the Ag...

M/S. Universal Imports Agency& ANR Vs. The Chief Controller of Imports and Exports & Ors [1960] INSC 127 (23 August 1960)

Judgement Date : august/1960, Citation : 1960 Latest Caselaw 127 SC

Headnote :

Following an agreement dated October 21, 1954, between the Government of India and the Government of France, which resulted in the de facto transfer of administration of Pondicherry and other French Settlements to the Government of India effective November 1, 1954, the Government of India issued a n...

Hansraj Moolji Vs. The State of Bombay [1957] INSC 13 (12 February 1957)

Judgement Date : february/1957, Citation : 1957 Latest Caselaw 13 SC

Headnote :

According to Section 72 of the 9th Schedule of the Government of India Act, 1935: \"The Governor-General may, in cases of emergency, create and announce ordinances... and any ordinance made shall, for a period not exceeding six months from its announcement, hold the same legal authority as an Act pa...