On a petition against the withdrawal ceiling of Rs. 5 lakh from deposits in the PMC Bank, @RBI submits yet again that the ceiling has already been raised from Rs. 1 lakh to Rs. 5 lakhs but allowing further withdrawals will result in "a run on the Bank."

The petitioner cites various instances of depositors in desperate need of funds suffering due to the withdrawal ceiling.
Chief Justice DN Patel had shown an inclination towards adjourning the matter, however, the petitioner is emphasizing his case through various factual instances.
CJ: If you raise these grounds, then everybody is in need of money. Nobody is saying that you don't have the need for the money. But please understand what the counsel for @RBI is saying, that if this is allowed, then many people may not get any money.
CJ: Somebody may have put their retirement money, someone may have put some other funds, but you are a counsel, and not a petitioner, kindly understand what the @RBI is pleading.
Counsel for @RBI: All these people need to submit under the hardship ground, then their release of funds will be processed.
Delhi HC suggest re-submission of documents with some proof to the @RBI, upon which, the @RBI says that it is looking at thousands of banks, so it won't be possible to look into individual cases. The documents need to be submitted to the PMC Bank.
Petitioner: In their affidavit, they have not even cited the Supreme Court direction which tells them to look into this matter. They can't give this excuse that they are looking into thousands of banks.
Petitioner presses for a mechanism in place for the release of these funds.

Counsel: If the @RBI took the decision for imposing a moratorium, they should have also looked into this issue. Everyday these depositors are coming wondering when the date will arrive.
Counsel: You cannot rely on statutory provisions to deny the rightful claim of the people. It cannot be used as a cover. Private hospitals ask them to deposit Rs. 5 lakhs, Rs. 10 lakhs, from where will they get it?

@RBI
Delhi High Court notes that @RBI has filed a detailed affidavit. Court notes SC's direction in the case wherein it was directed that for urgent medical and educational requirements an exception may be carved out.
@RBI opposes exception being carved out for educational purposes, stating that SC had held that the administrator may devise a mechanism within the existing directives, and the existing directives do not allow exception for educational purposes.
Delhi HC directs the Petitioner to approach the appointed administrator of the PMC Bank within 3 weeks, explaining their educational or medical purposes.

To @RBI's opposition on educational grounds, if you want to reject, reject it, then we will see.

More from Live Law

#LIVE Delhi High Court Women Lawyers Forum in Association with LiveLaw is conducting a Webinar on the topic 'Attack On Love Marriages And Freedom Of Choice'.

#FreedomOfChoice


Watch the Webinar live at :

YouTube link:
https://t.co/l074foe9RA

Facebook link:
https://t.co/d0m3h0Ut1w

Instagram Link:

Advocate Kajal Chandra begins the webinar and introduces the panelist Justice AP Shah, Delhi High Court’s Former Chief Justice. Advocate Gayatri Virmani introduces Human Rights Activist Jagmati Sangwan.

#FreedomOfChoice

The moderator Adv Chandra questions Justice Shah: Do the freedom of Religious ordinance of laws stand the test of Constitutionality and in your opinion, do they violate the fundamental right of liberty including the freedom to choose? #FreedomOfOpinion

Delhi High Court’s Former Chief Justice AP Shah: This topic cannot be discussed without referring to the Indian Constitution that guarantees Justice, Liberty, Equality and Fraternity and protects dignity of individual and Unity and integrity of the Nation. #FreedomOfChoice

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44 media queries
36 unique colors
50 unique background colors
46 unique font sizes
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PWA *incrementally generates* ~30 KB CSS that handles all themes and writing directions.

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740 selectors
757 declarations
730 unique declarations
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11 unique colors
32 unique background colors
15 unique font sizes
7 unique z-indices

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The legacy site's CSS is what happens when hundreds of people directly write CSS over many years. Specificity wars, redundancy, a house of cards that can't be fixed. The result is extremely inefficient and error-prone styling that punishes users and developers.

The PWA's CSS is generated on-demand by a JS framework that manages styles and outputs "atomic CSS". The framework can enforce strict constraints and perform optimisations, which is why the CSS is so much smaller and safer. Style conflicts and unbounded CSS growth are avoided.