The battle between the exchanges and RBI continues inspite of multiple adjournments at the Supreme Court of India. The matter has been adjourned multiple times over the course of the past few months!
It's likely that we'll see more adjournments. Even 19th and 20th of November, 2018 saw the matter getting pushed forward. However, recently Supreme Court had directed the government to file its affidavit by the 20th of November and it seems as though it hasn't happened yet.
However, since exchanges are pushing forward with this matter we should see it getting listed again and again until it's resolved. I hope the government of India/RBI will file its affidavit so that the case can proceed forward. For the hearing today court was presided over by Justice Rohinton Nariman and Justice Navin Sinha.
Several exchanges are currently operating via p2p route and are doing extremely well. The bear market isn't going well for anyone and it would be good to have some positive news come out of India for sure. We're likely to see some progress in this case soon and I will update when the next hearing date is set and some important information is available.
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