https://www.taxtmi.com/caselaws?id=305475 Cancellation of the petitioner's certificate of registration and the appellate rejection were challenged on the basis of the Net Owned Fund requirement. The Delhi HC noted the Reserve Bank of India's stand that it would re-examine the matter on remand and the petitioner's agreement to such reconsideration. In view of the current legal position and the Court's earlier judgments, the impugned orders were not treated as final for sustaining the dispute at that stage, and fresh decision-making by the Reserve Bank of India was directed. The merits were left open, and the petitioner was permitted to file additional representations and documents. en-us Mon, 08 Aug 2022 00:00:00 +0530 Tue, 06 Dec 2022 14:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305475 Cancellation of the petitioner's certificate of registration and the appellate rejection were challenged on the basis of the Net Owned Fund requirement. The Delhi HC noted the Reserve Bank of India's stand that it would re-examine the matter on remand and the petitioner's agreement to such reconsideration. In view of the current legal position and the Court's earlier judgments, the impugned orders were not treated as final for sustaining the dispute at that stage, and fresh decision-making by the Reserve Bank of India was directed. The merits were left open, and the petitioner was permitted to file additional representations and documents. Case-Laws Indian Laws Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305475