Last Updated : Jul 17 2019 11:44AM     Screen Reader Access
News Highlights
SC to pronounce its verdict in K'taka rebel MLAs resignation case on July 17            Flood situation worsens in Bihar, improves in Assam            ICJ to deliver verdict on Kulbhushan Jadhav case today            Indian entries bag six awards at SAARC Film Festival            Sindhu, Srikanth storm into pre-quarterfinals of Indonesia Open           

Business News

Jul 03, 2019
6:15PM

HC asks RBI, ED to respond to plea alleging PayPal operating illegally

delhihighcourt.nic.in
The Delhi High Court today asked Reserve Bank of India and Enforcement Directorate to respond to a plea alleging that online payment platform PayPal was operating illegally without the central bank's authorization.

The bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the RBI, ED and Paypal Payments Private Limited and sought their stand on the PIL before the next date of hearing scheduled on 18th September.

Abhijit Mishra, a financial economist, has claimed in his plea that Paypal is operating as a payment and settlements system in blatant violation of the Payments and Settlements Systems Act. He said,  Paypal does not figure in the list of authorized payment system operators published by RBI on 27th May 2019.

According to the PIL, filed through advocate Payal Bahl, PayPal's services are being used by various online travel, clothing and food websites or apps, including Yatra, Makemytrip, Bookmyshow, Dominos Pizza and Myntra.

The petition has alleged that PayPal was also operating as a foreign exchange dealer in contravention of the Foreign Exchange Management Act (FEMA).

Claiming that the company has unmonitored and unauthorized access to the personal information such as Aadhaar, PAN, etc of the public. Such access to the personal information of the public was a violation of Article 21 of the Constitution of India, the plea contended and sought directions to PayPal to immediately stop its allegedly illegal and unauthorized operations.

It has also sought directions to RBI and ED to take action, including imposition of fines and penalties, against PayPal for the alleged violations. 

Live Twitter Feed

Listen News

Morning News 17 (Jul) Midday News 16 (Jul) News at Nine 16 (Jul) Hourly 17 (Jul) (1005hrs)
समाचार प्रभात 17 (Jul) दोपहर समाचार 16 (Jul) समाचार संध्या 16 (Jul) प्रति घंटा समाचार 17 (Jul) (1100hrs)
Khabarnama (Mor) 17 (Jul) Khabrein(Day) 16 (Jul) Khabrein(Eve) 16 (Jul)
Aaj Savere 17 (Jul) Parikrama 16 (Jul) Lok Ruchi Samachar 14 (Jul)

Listen Programs

Market Mantra 16 (Jul) Samayki 16 (Jul) Sports Scan 16 (Jul) Spotlight/News Analysis 16 (Jul) Samachar Darshan 14 (Jul) Radio Newsreel 16 (Jul)
    Public Speak

    Country wide 11 (Jul) Surkhiyon Mein 11 (Jul) Charcha Ka Vishai Ha 10 (Jul) Vaad-Samvaad 16 (Jul) Money Talk 16 (Jul) Current Affairs 12 (Jul)