Kali Digital Had Approached The High Court Of Delhi On April 16, 2018

[sureshotcoin]

Cryptocurrency: Delhi High Court Issues Notice To RBI And Others
Kali Digital Had Approached The High Court Of Delhi On April 16, 2018 Challenging RBI Circular Dated April 6, 2018

Accepting the petition filed by Ahmedabad-based cryptocurrency startup Kali Digital EcoSystems, the Delhi High Court has now issued a notice to the Reserve Bank of India (RBI), The Union of India through Secretary, Ministry of Finance and GST Council.

Kali Digital had approached the High Court of Delhi on April 16, 2018 challenging RBI circular dated April 6, 2018 “Withdrawing Banking Support to Virtual Currency Exchanges”.

The company requested Hon’ble High Court to issue an appropriate writ, order or direction quashing circular bearing reference number DBR.No.BP.BC.104/08.13.102/2017-18, dated April 6, 2018 issued by RBI to be arbitrary, unconstitutional and violative of Article 14 and Article 19(1)(g) of the Constitution of India, 1950 (“Constitution of India”).

https://inc42.com/buzz/cryptocurrency-delhi-high-court-issues-notice-to-rbi-and-others/

[onrise]

How do you all take this petition file by then a good thing or will he court put any stay to the decision taken by the RBI as obviously it would be with the government consent it would have happen . So will court take a decision against them or will it be in their favour ?