Indian Economy·Key Judgments
Monetary Policy and Banking — Key Judgments
Updated 19 Oct 2026
Key Judgments
Internet and Mobile Association of India v. Reserve Bank of India, Writ Petition (Civil) Nos. 528 and 373 of 2018 (4 March 2020)
2020The Court set aside RBI’s circular of 6 April 2018 restricting regulated entities from providing banking services for virtual currencies. It recognised RBI’s broad preventive…
Dharani Sugars and Chemicals Ltd. v. Union of India, Transferred Case (Civil) No. 66 of 2018 and connected matters (2 April 2019)
2019The Court invalidated RBI’s 12 February 2018 stressed-assets circular as a whole. Directions requiring banks to initiate insolvency under the Insolvency and Bankruptcy Code had to…
Reserve Bank of India v. Jayantilal N. Mistry, Transferred Case (Civil) No. 91 of 2015 and connected matters (16 December 2015)
2015The Court rejected RBI’s claim that its statutory relationship with regulated banks supplied a fiduciary exemption for the information sought, and upheld the challenged Central…