Delhi High Court issues notice in a plea to stop operations of PayPal in India
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Delhi High Court issues notice in a plea to stop operations of PayPal in India
The Delhi High Court has issued notice in a plea seeking to stop the allegedly illegal and unauthorized operation of PayPal Payments in India immediately.
Notice was issued to the Reserve Bank of India (RBI) and PayPal by a Division Bench of Chief Justice DN Patel and Justice C Hari Shankar in a petition by Abhijit Mishra.
Filed through advocate Payal Bahl, the petition argues that the operation of PayPal as a payment system in India is in contravention of Section 4(1) of the Payment and Settlement Systems Act, 2007 (2007 Act).
The Section provides that no person other than the Reserve Bank, shall commence or operate a payment system except in accordance with an authorization issued by the RBI.
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Nothing will happen, PayPal will continue to operate like Paytm and GooglePay
https://www.news18.com/news/tech/delhi-hc-issue...
https://yourstory.com/2019/04/google-pay-respon...
Looks like Delhi HC is only good for issuing notices and I wonder why it is Delhi HC all the time ? It has something to do with the companies having main branches in the city ?
So Will They Stop ?
Or Put In Some Payment Act To Secure Their Selfs.