DELHI HIGH COURT QUASHED DECISION TO DECLARE RELIGARE FINVEST'S ACCOUNT AS 'FRAUD'
The Daily Guardian|December 26, 2023
The Delhi High Court in the case Religare Finvest Limited v. State Bank Of India observed and has quashed the decision of State Bank of India, SBI declaring Religare Finvest’s account as ‘fraud’ and including it on the Central Fraud Registry of Reserve Bank of India, RBI.
DELHI HIGH COURT QUASHED DECISION TO DECLARE RELIGARE FINVEST'S ACCOUNT AS 'FRAUD'

The bench headed by Justice Purushaindra Kumar Kaurav in the case observed and has stated that the State Bank of India, SBI will be at liberty to take an appropriate action in accordance with law, if so necessitated.

The court in the case observed and has disposed of the petition moved by Religare Finvest Limited, RFL, who being the wholly-owned subsidiary of Religare Enterprises Ltd, REL, while challenging the decision of SBI’s.

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