KHWAJA MOHAMMAD YUSUF
PRANAB KUMAR RAY – Appellant
Versus
RESERVE BANK OF INDIA – Respondent
( 1 ) THE Court : The writ petitioners have challenged the validity of the decision of the Reserve Bank of India as communicated by letter dated 13th January, 1990 rejecting the request of the petitioner No. 1 to release foreign exchange for his son, petitioner No. 2, for prosecuting L. L. B. (Hons.) Course at the University of Leeds in the United Kingdom. Since the impugned letter dated 17th January, 1990 refers to policy guidelines contained in the Book of Instructions of the Reserve Bank of India relating to release of foreign exchange for L. L. B. Course leading to Honours degree at Cambridge/oxford Universities only, these guidelines have become an issue in this writ proceeding as the discloser of the same justifies the action of the Reserve Bank of India. The prayer is to quash the communication dated 28th September, 1989 by the RBI expressing regret to release any foreign exchange under the Existing Control Regulations and also the impugned communication dated 13th January, 1990 by the RBI to the effect that under the policy guidelines presently followed by the Bank foreign exchange cannot be released for L. L. B. Course leading to Honours degree ex
REFERRED TO : Life Insurance Corporation of India v. Escorts Ltd.
M.M.Penkiah v. M. Veeramallappa
Comptroller and Auditor General of India v. K. S. Jagannathan
Bennet Coleman v. Union of India
D.N.Chanchala v. State of Mysore
Shree Sita Ram Sugar Co. Ltd. v. Union of India
Coromondal Fertilizers Ltd. v. Union of India
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.