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of <h1>Court grants writ petition, quashes rejection letter, orders processing per Act.</h1> <h3>Rajajinagar Finance & Investments (P.) Ltd. Versus Assistant General Manager, Reserve Bank of India</h3> The court allowed the writ petition, quashed the rejection letter, and directed the authorities to process the application as per the Act. - Rajajinagar ... Non-banking finance companies - Application for registration of The petitioners, a financial company and its shareholder, filed an application for registration under section 45(IA) of the Reserve Bank of India Act. The application was initially rejected, citing a missed deadline, but the court ruled in favor of the petitioners based on the interpretation of Section 9 of the General Clauses Act. The court allowed the writ petition, quashed the rejection letter, and directed the authorities to process the application as per the Act.
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