2023 (10) TMI 1566

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.... Mr. Soumya Roy, Ms. Benazir Kazi, Ms. Arti Bhattacharyya, Ms. Devanshi Prasad ORDER 1. Affidavit-of-service filed in Court today be kept on record. 2. The petitioner has challenged the classification of the petitioner and his account as "fraud" under the Master Circular of the Reserve Bank of India on Frauds Classification and Reporting dated July 1, 2016 (updated as on July 3, 2017). ....

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.... and his account as "Fraud" under the RBI Circular dated July 1, 2016 (updated as on July 3, 2017) and setting aside all consequential actions on the basis of such classification issued by the respondent authorities. 7. The respondent authorities shall revisit the exercise of such classification upon giving a prior notice of hearing to the petitioner and only thereafter proceed with the same in....