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Delhi High Court Seeks RBI Response on PayPal

Delhi High Court Seeks RBI Response on PayPal

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  4 July 2019 11:48 AM GMT

New Delhi: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI), Enforcement Directorate (ED) and PayPal to file a reply to a plea alleging that the company PayPal was operating illegally in the country.

A division bench of Chief Justice DN Patel and Justice C Harishankar issued notices to RBI, ED and PayPal and slotted the matter for hearing on September 18. The court was hearing a plea filed by Abhi Mishra through his counsel Payal Bahl.

The petitioner stated that Paypal Payments Pvt Ltd was not listed as an authorized operator as per the list of the ‘Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007. (IANS)

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