RBI has power to regulate Payment Aggregators vis a vis Payment and Settlement Systems Act, 2007: HC
Case Law Details
Case Name : Lotus Pay Solutions Pvt Ltd Vs Union of India (Delhi High Court)
Appeal Number : W.P (C) 8215/2020
Date of Judgement/Order : 15/09/2022
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Lotus Pay Solutions Pvt Ltd Vs Union of India (Delhi High Court)
Conclusion:
In present facts of the case, the Hon’ble High Court observed that “Payment Aggregators” would fall under Payment and Settlement Systems Act, 2007 as Payment Aggregator ensure
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