RVS FINANCIAL SERVICES LIMITED vs UNION OF INDIA MINISTRY OF FINANCE APPELLATE AUTHORTIY & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 06th April, 2026 Uploaded on: 09th April, 2026 W.P.(C) 10062/2020 & CM APPL. 32037/2020 RVS FINANCIAL SERVICES LIMITED .....Petitioner Through: Mr. Abhishek Krishna, Advocate. versus UNION OF INDIA MINISTRY OF FINANCE APPELLATE AUTHORTIY & ANR. .....Respondents Through: Ms. Arunima Dwivedi CGSC with Ms. Swati Jhunjhunwala, Ms. Himanshi Singh and Ms. Monalisha Pradhan, Advs. for UOI (M: 9810916537). Mr. Ramesh Babu, Ms. Manisha Singh, Ms. Tanya Chowdhary and Mr. Rohan Shrivastava, Advs. for RBI. CORAM: JUSTICE PRATHIBA M. SINGH JUSTICE MADHU JAIN Prathiba M. Singh, J. (Oral) 1. This hearing has been done through hybrid mode. 2. The present petition has been filed under Article 226 and 227 of the Constitution of India by the Petitioner, which is a Non-Banking Financial Company (hereinafter, ‘NBFC’), inter alia, challenging the order dated 22nd June, 2020 passed by the Respondent No. 1 i.e., the Appellate Authority which confirmed the order dated 2nd August, 2018 passed by the Reserve Bank of India– cancelling the registration of the Petitioner as an NBFC. The order dated 2nd August, 2018 was communicated to the Petitioner vide