Amaltas Inc. filed a writ petition in the Supreme Court seeking a directive for the RBI to allocate purpose codes for foreign inward remittances.
The Supreme Court disposed of the petition, directing the petitioner to first approach the RBI with a representation.
The Court allowed the petitioner to file a representation within two weeks, with the RBI to decide within six weeks.
The petitioner was granted liberty to approach the jurisdictional High Court if aggrieved by the RBI's decision.