The Case against RBI is DISPOSED.02/08/2012 by: Mobi-Club Admin
RBI has been given the time to aproove the business model of SAOL, with suitable changes , if he don’t find it proper.
It was not a case against the RBI, bt it was a writ to come over the definite conclusion over a matter which being pending since long back.
Case has been disposed off with a directives given to RBI to come over some concluding matter within a time frame of 8 weeks which was pending with RBI without any time frame.
8 week time frame imposed on RBI is a gain, within which mutually agreed SAOL business model will have to be approved, which may have some minor or major changes in model, depending on how SAOL get RBI convinced over his different aspects of his present business model .
- Umesh pundir