'Policy Decision': J&K&L High Court Closes PIL Seeking Islamic Banking Window
2 years, 5 months ago

'Policy Decision': J&K&L High Court Closes PIL Seeking Islamic Banking Window

Live Law  

The Jammu & Kashmir High Court has refused to entertain a Public Interest Litigation seeking introduction of Islamic Banking in all branches of J&K Bank. The PIL filed by an NGO J&K Peoples Forum in 2018 had sought directions upon the union Finance Ministry for issuing necessary notification for the introduction of Sharia compliant windows as recommended by Deepak Mohanty Committee as well as in the light of a report of the inter-departmental group of RBI. The Forum also sought direction to RBI for taking immediate steps in the constituent banks including the J&K Bank so as to facilitate Shariah compliant windows. In its plea the forum also sought indulgence of the court to pass directions towards J&K Bank Limited to place before the court entire details of non- performing accounts and the steps taken for recovery of the outstanding amount in NPAs, saying the same is public money which cannot be allowed to be misappropriated either by the account holders or by the management of the bank.

India Pil Forum Rbi Window Policy Decision Islamic Banking Shariah Compliant Windows  islamic  banking  rbi  jk  high  shariah  jkl  pil  compliant  closes  window  forum  seeking  policy  decision  sought  windows  court

History of this topic

J&K And Ladakh High Court Seeks Union Finance Ministry's Response On Establishing GST Appellate Tribunal In The Region
1 year ago

J&K And Ladakh High Court Seeks Union Finance Ministry's Response On Establishing GST Appellate Tribunal In The Region

Live Law  

The High Court of Jammu and Kashmir and Ladakh has directed the Ministry of Finance, Government of India, to respond to a Public Interest Litigation plea urging the establishment of the Goods and Services Tax Appellate Tribunal in the region. The PIL was prompted by the court's recognition of the challenges faced by litigants due to the absence of the …

Jammu & Kashmir And Ladakh High Court Weekly Round-Up: May 22 To May 28
1 year, 7 months ago

Jammu & Kashmir And Ladakh High Court Weekly Round-Up: May 22 To May 28

Live Law  

Nominal Index Mushtaq Ahmad Dar Vs Enforcement Directorate & Ors 2023 LiveLaw 127 Suraj Chand Vs Bajaj Allianz Insurance Co. Ltd 2023 LiveLaw 128 Swarn Salaria Vs Baldev Raj Sharma & Ors. 2023 LiveLaw 129 Atta Mohd Khan Vs UT of J&K 2023 LiveLaw 130 Farooq Ahmad Parray Vs UT of J&K 2023 LiveLaw 131 Muneer Ahmad Paswal Vs Union …

J&K State Cooperative Bank Independent From Govt Control, Service Disputes Outside Court's Writ Jurisdiction: Jammu & Kashmir High Court
1 year, 8 months ago

J&K State Cooperative Bank Independent From Govt Control, Service Disputes Outside Court's Writ Jurisdiction: Jammu & Kashmir High Court

Live Law  

The Jammu and Kashmir and Ladakh High Court has recently ruled that the J&K State Cooperative Bank Ltd is an autonomous body with no pervasive or deep control by the government and hence the bank's actions falling within the sphere of private law, including service disputes with its employees, are not amenable to the writ jurisdiction of the court. Per …

J&K&L High Court Weekly Round Up :September 12 - September 18, 2022
2 years, 3 months ago

J&K&L High Court Weekly Round Up :September 12 - September 18, 2022

Live Law  

Nominal Index : Tufail Ahmad Chota Vs State of J&K 2022 LiveLaw 149 Riyaz Ahmad Wagay Vs UT of J&K 2022 LiveLaw 150 Rayees Ahmad Dar Vs UT of J&K 2022 LiveLaw 151 Parvez Ahmad Baba Vs UT of J&K 2022 LiveLaw 152 Javid Ahmad Shah Vs UT of J&K 2022 LiveLaw 153 UT of J&K Through Chairman JKBOPEE Vs …

Rajasthan High Court Issues Notice On PIL Requiring State To Deposit Central Govt Grants In Nationalized Banks Only
2 years, 5 months ago

Rajasthan High Court Issues Notice On PIL Requiring State To Deposit Central Govt Grants In Nationalized Banks Only

Live Law  

The Rajasthan High Court has recently issued notice on a public interest litigation seeking directions to the state government to keep the grants and aid received from the Central Government in any of the nationalised Banks, instead of AU Small Finance Bank.The plea filed by Advocate Sushil Kumar Singh states that it is matter of surprise as to why the …

Delhi High Court Disposes PIL Against Hinduja Group As IndusInd Bank Promoters, Directs RBI To Consider Representation
2 years, 8 months ago

Delhi High Court Disposes PIL Against Hinduja Group As IndusInd Bank Promoters, Directs RBI To Consider Representation

Live Law  

The Delhi High Court on Monday directed the Reserve Bank of India to treat as representation a PIL seeking to reconsider the decision to increase the stakes held by Hinduja Group as the promoters of IndusInd Bank.A Division Bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla directed the RBI to examine the petition, highlighting the criminal antecedents …

Jammu & Kashmir High Court Seeks Government's Response In Plea Against Separate Prosecution Wing For J&K
3 years, 10 months ago

Jammu & Kashmir High Court Seeks Government's Response In Plea Against Separate Prosecution Wing For J&K

Live Law  

The Jammu and Kashmir High Court has issued notice to the UT administration on a PIL challenging a Government Order for establishment of the J&K Prosecution Service. It proposed the establishment of the 'J&K Prosecution Service' in terms of the Supreme Court's directions in SB Shahane & Ors. He submitted, "J&K Prosecution Service Recruitment Rules, 2020 in Schedule II provide …

PMC Bank Issue : SC Refuses To Admit PIL Against Withdrawal Limits
5 years, 2 months ago

PMC Bank Issue : SC Refuses To Admit PIL Against Withdrawal Limits

Live Law  

The Supreme Court bench headed by Chief Justice of India Ranjan Gogoi on Friday refused to admit a Public Interest Litigation on Punjab and Maharashtra Co-operative bank issue. The bench headed by CJI Ranjan Gogoi asked petitioner Bejon Misra, a Delhi based consumer activist who sought for a court order quashing the Reserve Bank of India's notification. The bench headed …

Discover Related