| |
| | |  Advertisement | | |
| |
June 06, 2008 12:13 IST
The Reserve Bank of India [Get Quote] on Friday approached the Supreme Court, challenging the Allahabad High Court stay on its order banning Sahara group's para-banking company from taking fresh deposits.
The appeal was mentioned before a vacation Bench headed by Justice Arijit Pasayat, which fixed June nine as the date for hearing the matter.
The Bench allowed senior advocate P R Andhyrujina, who mentioned the matter, to file a special leave petition against the High Court order later in the day.
The Bench also permitted Sahara India Financial Corporation's counsel Mukul Rohtagi to file a caveat.
The Lucknow Bench of the Allahabad high court on Thursday stayed the RBI ban, following a plea by SIFCL's Executive Director O P Srivastava.
© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|
| |
Email this Article 
Print this Article