RBI duty bound to disclose wilful defaulters' information, rules SC

SC takes serious view of non disclosure by RBI, says further violation to invite contempt

The Supreme Court today ruled that Reserve Bank of India (RBI) was duty bound to disclose information related to wilful defaulters. The SC took a serious view of non-disclosure of this information by the central bank and said that any further violation would invite contempt of court proceedings.

The SC held that the RBI's non-disclosure policy was in violation of the court's 2015 judgement and ordered it withdrawn.

Girish Mittal and Subhash Chandra Agrawal had moved the top court for contempt action against the RBI not complying with the court's direction to disclose information under the Right to Information (RTI) Act.

The petitioners