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Delhi HC Rebukes RBI Banking Ombudsman for Passing Orders Mechanically without Giving Reasons

Coming down heavily on the banking ombudsman (BO) of the Reserve Bank of India (RBI), the Delhi high court (HC) says the BO, a quasi-judicial body, is reasonably expected to pass a well-reasoned order, and any empty formality deserves to be weeded out. While setting aside three orders of BO, the HC remitted the matter back to the ombudsman for fresh consideration.

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