Reserve Bank Of India vs Big Kancheepuram Cooperative Town Bank ...

The Supreme Court of India addressed the transfer of multiple writ petitions challenging the validity of the Banking Regulation (Amendment) Act 2020 and a related circular issued by the Reserve Bank of India. The court noted the pendency of these petitions across various High Courts and recognized the need for a consolidated hearing to ensure uniformity in judicial decisions. Consequently, the court ordered the transfer of these cases to itself for adjudication.