SC dismisses banks plea to recall previous verdict which directed RBI to disclose loan defaulters list

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The Supreme Court dismissed the applications filed by several banks which sought recalling of previous judgment which brought RBI within the purview of RTI Act.

In the case of Reserve Bank of India v Jayantilal N Mistry, it was held that RBI was obliged to disclose defaulters list, inspection reports, annual statements, etc related to banks if inquired under RTI Act.

The bench of Justices L Nageswara Rao and Vineet Saran dismissed the applications observing, “There is no provision in the Supreme Court Rules for filing any application for recall of the judgment of this Court”.

However, the Court gave liberty to the applicants to pursue other available legal remedies against the judgment.

The banks contended that recall plea for the judgment is maintainable as there was a violation of principles of natural justice in view of the fact that they were neither parties to the matter nor heard.

The top court remarked, “No effort was made by any of the applicants (banks) in the miscellaneous applications to get themselves impleaded when the transferred cases were being heard by this court. The applications styled as recall are essentially application for review. The nomenclature given to an application is of absolutely no consequence, what is of importance is the substance of the application”.

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