The ‘IAMAI Vs RBI’ case took an unexpected turn, as the Supreme Court was met with several arguments from the petitioners’ end about the RBI’s jurisdiction where the petitioner presented the court with the exchanges’ plea asking a reconsideration of the ban.
Justice Nariman said
Exchanges are not asking to uplift the ban, but they are only asking to reconsider. If you don’t give answer to it, I will pass the judgement”
The apex court passed an order that the case will be deferred for 2 weeks.
The article will be updated.
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