https://www.taxtmi.com/caselaws?id=431649 Cancellation of an NBFC registration under Section 45-IA of the RBI Act was examined in light of a later satisfaction of the net owned fund requirement. The Court treated the matter consistently with earlier NBFC cancellation cases, where subsequent compliance justified fresh regulator-level consideration. On that basis, the impugned cancellation and appellate orders were set aside and the matter was remanded to RBI for reconsideration under the current legal position and the Court's prior judgments. en-us Tue, 22 Nov 2022 00:00:00 +0530 Sun, 18 Dec 2022 22:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431649 Cancellation of an NBFC registration under Section 45-IA of the RBI Act was examined in light of a later satisfaction of the net owned fund requirement. The Court treated the matter consistently with earlier NBFC cancellation cases, where subsequent compliance justified fresh regulator-level consideration. On that basis, the impugned cancellation and appellate orders were set aside and the matter was remanded to RBI for reconsideration under the current legal position and the Court's prior judgments. Case-Laws Indian Laws Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431649