'It Is For The RBI To Decide' : Supreme Court Refuses To Entertain Plea Seeking Regulation Of Digital Money Lending Platforms

The Supreme Court refused to entertain a writ petition seeking direction to the Reserve Bank of India to take steps to regulate or disable digital money lending platforms.It is for the RBI to decide as to whether and, if so, what action is necessary, the bench of Justices DY Chandrachud and Hima Kohli observed while permitting the petitioner to pursue a representation before the...