https://www.taxtmi.com/caselaws?id=111864 The Supreme Court directed the Reserve Bank of India to provide Respondent No. 1 with an opportunity to present its case fully and substantiate its reply to the show-cause notice. The Court suspended the order restraining the company from accepting deposits and the High Court's interim protection to Respondent No. 1 until the matter was re-evaluated by the Reserve Bank of India. The Court emphasized that this direction was specific to the case at hand and not a general rule, without expressing any opinion on the case's merits. en-us Mon, 09 Jun 2008 00:00:00 +0530 Wed, 14 Aug 2013 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111864 The Supreme Court directed the Reserve Bank of India to provide Respondent No. 1 with an opportunity to present its case fully and substantiate its reply to the show-cause notice. The Court suspended the order restraining the company from accepting deposits and the High Court's interim protection to Respondent No. 1 until the matter was re-evaluated by the Reserve Bank of India. The Court emphasized that this direction was specific to the case at hand and not a general rule, without expressing any opinion on the case's merits. Case-Laws Companies Law Mon, 09 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111864