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1959 (5) TMI 51 - HC - Companies LawExtract: .......e case. 19. I am, therefore, of the opinion that the, action of the Reserve Bank in refusing to grant the licence to the petitioner is within its jurisdiction, and such jurisdiction has been properly exercised in the case, and that there is no case for the issue of a writ under Article 226 of the Constitution. This petition is dismissed with costs.
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