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2026 DAILYLAW 11195 (DEL)

RELIANT CREDITS INDIA PVT LTD v. UNION OF INDIA & ORS.

LPA/465/2026 · 2026-07-06

Tejas Karia

body2026

Judgment text

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$~53 * IN THE HIGH COURT OF DELHI AT NEW DELHI + LPA 465/2026 & CM APPL. 40889/2026, CM APPL. 40890/2026, CM APPL. 40891/2026, CM APPL. 40892/2026, CM APPL. 40893/2026 RELIANT CREDITS INDIA PVT LTD .....Appellant Through: Mr. Sandeep Sethi, Sr. Adv. with Mr. Digish Shah, Ms. Anushree Kapadia, Mr. Pranay Bhardwaj, Advs. versus UNION OF INDIA & ORS. .....Respondents Through: Mr. Jagdish Chandra, CGSC with Mr. Rahul Kr. Sharma, GP and Ms. Maanya Saxena, Adv. for R-1 Mr. Rajeeve Mehra, Sr. Adv. with Mr. Ramesh Babu M. R., Ms. Nisha Sharma, Ms. Shreya Mehra, Advs. for R-2 and 3 CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE TEJAS KARIA O R D E R % 06.07.2026 1. Heard learned counsel representing the parties. 2. This letters patent appeal seeks to take exception to an order dated 17.06.2026 passed by the learned Single Judge under CM APPL. 39012/2026. The learned Single Judge appears to have observed that no ground for grant of interim relief or stay was made out by the appellant. This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 08/07/2026 at 11:58:50 3. We have been informed that on 17.06.2026, when the impugned order passed, RBI was not represented, though the Union of India, which is the appellate authority and whose order is under challenge before the learned Single Judge was represented. 4. Various grounds have been raised by learned counsel for the appellant including the alleged violation of the provisions of the first proviso appended to sub-section 6 of Section 45-IA of the Reserve Bank of India Act, 1934. 5. Learned counsel for the Union of India as also the Reserve Bank of India have vehemently opposed the prayers made in this appeal and have submitted in unison that the order cancelling the registration of the appellant as also the appellate order were passed strictly in accordance with law. 6. What we find is that by the impugned order dated 17.06.2026 only ad interim order has been rejected; CM APPL. 39012/2026 is still pending consideration before the learned Single Judge. 7. We have been informed that tomorrow the matter is listed before the learned Single Judge, where the Union of India as also the Reserved Bank of India will be appropriately and adequately represented. Accordingly, without interfering in the impugned order dated 17.06.2026 passed by the learned Single Judge, we dispose of this appeal with the request of the learned Single Judge to consider and decide CM APPL. 39012/2026 along with any other prayer/application at the earliest and if possible, tomorrow itself. 8. It is needless to observe that it will be open to the parties before the learned Single Judge in the writ petition to take up all the issues and grounds including the ground of jurisdiction of this Court to entertain the writ This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 08/07/2026 at 11:58:50 petition, which may be available to them under law. DEVENDRA KUMAR UPADHYAYA, CJ TEJAS KARIA, J JULY 6, 2026/j This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 08/07/2026 at 11:58:50