Kishore Biyani v. Reserve Bank Of India

35-WP-1734-2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.1734 OF 2024 SATISH RAMCHANDRA SANGAR Kishore Biyani and Anr.

...Petitioners

V/s.

SATISH RAMCHANDRA SANGAR Date: 2026.01.22 18:12:14 +0530 Reserve Bank of India and Ors.

...Respondents

***** Mr.Ankit Lohia-Counsel a/w Ms.Petrushka Dasuupta a/w Mr.Altamash Qureshi i/b. Link Legal, Advocates for Petitioners. Mr.Prasad Shenoy, Ms.Aditi Phatak a/w Ms.Ishita Desai, Mr.P.Zaiwalla i/b. BLAC Co., Advocates for Respondent No.1-RBI. *****

CORAM

:

M.S.KARNIK & S. M. MODAK, JJ.

DATE :

21st JANUARY 2026 P. C. :- 1.

Heard learned counsel for the Petitioners and learned counsel for Respondent No.1-RBI.

2.

Learned counsel for the Respondent No.1-RBI, fairly stated that the impugned master circular dated 22nd December 2014 passed by the Respondent No.1-RBI has been withdrawn. The impugned show cause notice which is the subject matter of prayer clause (b) was issued on the strength of such circular.

3.

As the circular has been withdrawn, this Writ Petition is made absolute in terms of prayer clause (b).

Satish Sangar 1/2

35-WP-1734-2024.doc 4.

Writ Petition is, accordingly, disposed of.

(S. M. MODAK, J.) (M. S. KARNIK, J.) Satish Sangar 2/2