Calcutta HC Directs RBI Fraud Investigation Report

Authority: Calcutta High Court

Order Date: 07 October 2026

Case Overview

• Petition: Dr. Shanta Dutta filed WPA 4290 of 2026 against the Reserve Bank of India and other respondents.
• Counsel: Petitioner's advocates Ayan Chakraborty and Anusmita Bhattacharya; RBI represented by Debashis Saha and Suchismita Ghosh.
• Issue: Alleged fraudulent amount; an FIR has been lodged, and the petitioner seeks direction on the investigation.
• Hearing: Conducted on 5 October 2026; the court observed that the State was not represented despite the FIR.
• Observations: No investigative report had been filed; the court emphasized that the State must be heard.

Final Outcome

• The petitioner is directed to serve notice upon the State.
• The State is directed to submit a report on the status of the FIR investigation concerning the alleged fraudulent amount.
• The matter is scheduled to appear again on 20 November 2026.

Topics: Legal Proceedings, Banking Regulation