In a significant ruling, the Supreme Court on Wednesday rejected a plea by banks to recall a judgement given by the apex court asking Reserve Bank of India (RBI) to disclose list of loan defaulters and bank inspection reports under the Right to Information (RTI) Act. Some banks had filed the plea seeking to recall the SC's 2015 judgement in the case of Reserve Bank of India v. Jayantilal N. Mistry, REED 2015 SC 12009. In this judgement, the apex court had directed RBI to share such information as the list of defaulters, inspection reports of banks and annual statements, under the RTI Act.
The Bench comprising of Justices L. Nageswara Rao and Vineet Saran, dismissed the applications observing that the Supreme Court Rules did not have any provision for filing any application for recall of a judgment. However, the bench has given liberty to the applicants to pursue other available legal remedies against the Jayantilal Mistry judgment.
The Bench observed, "There is no provision in the Supreme Court Rules for filing any application for recall of the judgment of this Court".
In the 2015 judgement, the Supreme Court had refused to accept the contention of RBI that the information sought by the respondents could not be disclosed in view of its fiduciary relationship with the banks.
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