IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION PUBLIC INTEREST LITIGATION NO. 48 OF 2008 PUBLIC INTEREST LITIGATION NO. 48 OF 2008 PUBLIC INTEREST LITIGATION NO. 48 OF 2008 Mr.Rajendra J. Thacker ...Petitioner V/s. Government of India & Ors. ...Respondents Mr.S.U. Kamdar i/b. Mr.Y.P. Gandhi for the Petitioner. Mr.S.S. Pakale alongwith Mr.Mandar Goswami for Union of India. Mr.K.J. Munshi i/b. M/s.Udwadia & Udeshi for RBI-Respondent No.2. CORAM : SWATANTER KUMAR, C.J. AND CORAM : SWATANTER KUMAR, C.J. AND CORAM : SWATANTER KUMAR, C.J. AND V.M. KANADE, J. V.M. KANADE, J. V.M. KANADE, J. DATED : JUNE 19, 2008 DATED : JUNE 19, 2008 DATED : JUNE 19, 2008 P.C. :- P.C. :- P.C. :- 1. Keeping in view the prayers mentioned in this writ petition, we are of the considered view that it is not for this Court to exercise such jurisdiction and issue such directions which is clearly beyond the scope of Article 226 and 227 of the Constitution of India. These are matters relating to formation of policies particularly dealing with economy of the country. 2. However, Counsel for the petitioner states that he has made various representations to the authorities but of no consequence. This is, however, not admitted - 2 - by the respondent. 3. We dispose of the writ petition with liberty to Union of India and Reserve Bank of India to consider these representations and act in accordance with law, expeditiously. CHIEF JUSTICE CHIEF JUSTICE CHIEF JUSTICE V.M. KANADE, J. V.M. KANADE, J. V.M. KANADE, J.