CASE COMMENT ON IMRAN PRATAPGARHI V. STATE OF GUJARAT
Case Name: Imran Pratapgarhi v. State of Gujarat, SLP(Crl) No. 1015/2025 Court: Supreme Court of India Bench: Justice Abhay S. Oka and Justice Ujjal Bhuyan Date(s): FIR registered: January 3, 2025 Gujarat HC refused to quash: January 17, 2025 Interim protection by SC: January 21, 2025 SC oral remarks and reservation: February 10, 2025 Final verdict quashing FIR: March 28, 2025 Introduction: The
RBI Bars Paytm Payments Bank From Accepting Deposits In Any Customer Account From March
The Reserve Bank of India (RBI) on January 31 imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors. PPBL is barred from accepting deposits or top-ups in any customer account, wallets or FASTags after February 29 under section 35A of the Banking Regulation Act, 1949.
Recovery of debt in India banks
The Reserve Bank of India (RBI) said 12 accounts representing about 25% of the gross bad loans in the banking system would be eligible for immediate reference for bankruptcy proceedings. Indian banks are sitting on a stressed asset pile of close to Rs 10 trillion; of this, gross bad loans account for Rs 7.7 trillion
Foreign Investment in India
At present, India’s GDP is USD 1.237 trillion, which makes it the twelfth-largest economy in the world at market exchange rates and fourth largest in purchasing power. In the late 2000s, India’s economic growth has averaged at about 7.5% a year. A 2007 Goldman Sachs report has projected that “from 2007 to 2020, India’s GDP per