Landmark case · Law of Banking and Negotiable Instruments · Semester 5

Peerless General Finance and Investment Co. Ltd. v. Reserve Bank of India

AIR 1992 SC 1033 · Supreme Court of India

RBI directions regulating residuary non-banking companies were valid exercises of statutory power to protect depositors.

From topic

Reserve Bank of India Act, 1934 — Unit I, Law of Banking and Negotiable Instruments.

Related sections:

Reserve Bank of India Act, 1934, 3 — Establishment and incorporation of Reserve Bank
Reserve Bank of India Act, 1934, 22 — Right to issue bank notes
Reserve Bank of India Act, 1934, 45JA — Power of Bank to determine policy and issue directions (NBFCs)
Reserve Bank of India Act, 1934, 58B — Penalties