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2022 (12) TMI 766 - DELHI HIGH COURTCancellation of its Certificate of Registration [CoR] to carry on its business as a Non-Banking Financial Institution - Section 45-IA of the Reserve Bank of India Act, 1934 - HELD THAT:- The facts in the instant case are similar to the one which this Court has recently had an occasion to consider in M/S. B.H.C. FINANCE AND LEASING PVT. LTD. VERSUS UNION OF INDIA & ORS. [2022 (8) TMI 1318 - DELHI HIGH COURT] wherein, under similar circumstances, the Court remanded the matter back to RBI for fresh consideration. Since the facts of the present petition are similar to the decision of this court in B. H. C. Finance and Leasing, in the opinion of the court, the same course of action would be appropriate - the matter shall now be considered afresh by RBI in light of the current position of law and judgments of this Court. Petition disposed off.
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