https://www.taxtmi.com/caselaws?id=199935 The court held that the Reserve Bank of India (RBI) and the Union of India acted discriminatorily and unreasonably by denying foreign exchange for a student's LL.B. (Hons.) course at the University of Leeds. The RBI's policy favoring Cambridge and Oxford Universities was deemed arbitrary and in violation of Article 14 of the Constitution. The court declared the RBI's guidelines invalid, quashed the relevant communications, and directed the release of foreign exchange for the student's studies at Leeds by a specified date. en-us Wed, 26 Aug 1992 00:00:00 +0530 Thu, 15 Mar 2018 14:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199935 The court held that the Reserve Bank of India (RBI) and the Union of India acted discriminatorily and unreasonably by denying foreign exchange for a student's LL.B. (Hons.) course at the University of Leeds. The RBI's policy favoring Cambridge and Oxford Universities was deemed arbitrary and in violation of Article 14 of the Constitution. The court declared the RBI's guidelines invalid, quashed the relevant communications, and directed the release of foreign exchange for the student's studies at Leeds by a specified date. Case-Laws Indian Laws Wed, 26 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199935