Important judgements of the Supreme Court and High Courts

HDFC BANK LTD. & ORS VERSUS UNION OF INDIA & ORS (SUPREME COURT)

Prima facie, the judgment of the Supreme Court in the case of Jayantilal N. Mistry (2016) 3 SCC 525 did not take into consideration the aspect of balancing the right to information and the right to privacy. The petitioners have challenged the action of the RBI, vide which the RBI issued directions to the petitioners/Banks to disclose certain information, which according to the petitioners is not only contrary to the provisions as contained in the RTI Act, the RBI Act and the Banking Regulation Act, 1949, but also adversely affects the right to privacy of such Banks and their consumers.

Court:   Posted on: October 1, 2022