KUDOS FINANCE AND INVESTMENT PVT. LTD. vs RESERVE BANK OF INDIA — WP/2497/2023

Case under Constitution of India Section 226. Disposed: Contested--DISPOSED OFF on 05th May 2026.

Case disposed

CNR: HCBM020184412023

Filing Number

WP/18434/2023

Filing Date

07-Jul-2023

Registration No

WP/2497/2023

Registration Date

21-Aug-2023

Judge

Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

Coram

Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

Bench Type

Division

Category

ORDINARY CIVIL ( 30 )

Judicial Branch

Original

Decision Date

05-May-2026

Nature of Disposal

Contested--DISPOSED OFF

Last updated 21-Jun-2026

Acts & Sections

Constitution of India Section 226

Petitioner(s)

  1. 1.KUDOS FINANCE AND INVESTMENT PVT. LTD.

    Adv. GHAG R J

Respondent(s)

  1. 1.RESERVE BANK OF INDIA

  2. 2.EXECUTIVE DIRECTOR OF RESERVE BANK OF INDIA

    Adv. B L A C Co

  3. 3.DEPUTY GENERAL MANAGER, RESERVE BANK OF INDIA

    Adv. B L A C Co

Case History

  1. Case disposedDisposed

  2. 05-May-2026

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

    The Bombay High Court dismissed Kudos Finance's writ petition challenging RBI's November 2022 cancellation of its NBFC registration, finding the RBI followed proper procedure by issuing a show cause notice detailing alleged violations of lending norms, customer due diligence, and outsourcing guidelines, and providing the company an opportunity to respond and a personal hearing. The court rejected the petitioner's claims of natural justice violation and directed it to pursue its statutory appeal to the Central Government within four weeks, which the court permitted to be filed despite the original 30-day deadline having passed, without expressing any opinion on the merits. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 05-May-2026

    For Admission

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  4. 20-Apr-2026

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  5. 22-Sep-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  6. 14-Aug-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  7. 14-Aug-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  8. 14-Jul-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  9. 14-Jul-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  10. 19-Jun-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  11. 19-Jun-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  12. 24-Apr-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  13. 24-Apr-2025

    At 4.00 P.M.

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  14. 20-Mar-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  15. 20-Mar-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  16. 27-Feb-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  17. 27-Feb-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  18. 06-Feb-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  19. 06-Feb-2025

    Due Admission - 1

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Justice Revati Mohite Dere

  20. 17-Jan-2025

    Hon'ble Justice Dr. Neela Kedar Gokhale,hon'ble Justice Revati Mohite DereView PDF

  21. 15-Jan-2025

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  22. 03-Dec-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  23. 03-Dec-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  24. 26-Nov-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  25. 26-Nov-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  26. 14-Nov-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  27. 14-Nov-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  28. 23-Oct-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  29. 23-Oct-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  30. 16-Oct-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  31. 16-Oct-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  32. 09-Oct-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  33. 09-Oct-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  34. 23-Sep-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  35. 23-Sep-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  36. 04-Sep-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  37. 04-Sep-2024

    For Ad-Interim Relief

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  38. 28-Aug-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  39. 19-Jun-2024

    For Circulation

    Hon'ble Shri Justice Jitendra Shantilal Jain , Hon'ble Shri Justice A.S. Chandurkar

  40. 08-May-2024

    Hon'ble Shri Justice Jitendra Shantilal Jain,hon'ble Shri Justice A.S. ChandurkarView PDF

  41. 17-Apr-2024

    High On Board (Hob)

    Hon'ble Shri Justice G. S. Kulkarni , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  42. 15-Apr-2024

    Hon'ble Shri Justice G. S. Kulkarni,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  43. 03-Apr-2024

    Hon'ble Shri Justice G. S. Kulkarni,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  44. 03-Apr-2024

    For Circulation

    Hon'ble Shri Justice G. S. Kulkarni , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  45. 27-Mar-2024

    Hon'ble Shri Justice G. S. Kulkarni,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  46. 21-Feb-2024

    For Circulation

    Hon'ble Shri Justice G. S. Kulkarni , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  47. 08-Jan-2024

    For Circulation

    Hon'ble Shri Justice Firdosh Phiroze Pooniwalla , Hon'ble Shri Justice A.S. Chandurkar

  48. 07-Dec-2023

    Fresh Admission

    Hon'ble Justice Dr. Neela Kedar Gokhale , Hon'ble Shri Justice G.S. Patel

  49. 28-Nov-2023

    Hon'ble Shri Justice Firdosh Phiroze Pooniwalla,hon'ble Shri Justice A.S. ChandurkarView PDF

  50. 28-Nov-2023

    First hearing

    Initial hearing scheduled

  51. 07-Jul-2023

    Case filed

    Registration No. WP/2497/2023

casestatus.in Summary

The Bombay High Court dismissed Kudos Finance's writ petition challenging RBI's November 2022 cancellation of its NBFC registration, finding the RBI followed proper procedure by issuing a show cause notice detailing alleged violations of lending norms, customer due diligence, and outsourcing guidelines, and providing the company an opportunity to respond and a personal hearing. The court rejected the petitioner's claims of natural justice violation and directed it to pursue its statutory appeal to the Central Government within four weeks, which the court permitted to be filed despite the original 30-day deadline having passed, without expressing any opinion on the merits. This case analysis is maintained by casestatus.in based on publicly available court records.

Explore other courts

District Courts Supreme Court
Search Another Case