HC direct banks to maintain Classification of Accounts of RCOM & its subsidiary

Punit Garg & Anr Vs Union Bank Of India & Ors. (Delhi High Court)

1. Issue notice. Mr. O. P. Gaggar, Advocate accepts notice for R-1 and Mr. Shantanu Tyagi, Advocate accepts notice for R-4 and R-5. On steps being taken, notice be issued to the respondent No.3/RBI through all permissible modes including Dasti Service.

2. The issue raised in the present petition is identical to the issue raised in a batch of writ petitions i.e. W.P.(C).306/2019 etc. wherein the vires of the Circular RBI/DBS/2016-17/DBS.

Please become a Premium member. If you are already a Premium member, login here to access the full content.