MeraNews Network, Mumbai: In the wake of the ongoing tussle between the Reserve Bank of India (RBI) and the union government, the central bank governor Urjit Patel has been served a show-cause notice by the Central Information Commission (CIC) for not disclosing the names of individuals designated as wilful defaulters, despite a Supreme Court order for the same.

The Right to Information (RTI) watchdog has asked Patel to explain why a maximum penalty must not be imposed on him for not honouring the verdict of the apex court and the RBI denying the information of people who have taken loans above Rs 50 crores from banks.

The CIC order, signed by Information Commissioner Sridhar Acharyulu said, "The RBI shall disclose the bad debt details of defaulters worth more than Rs 1,000 crore at the beginning, of Rs 500 crore or less at later stage within five days and collect such information from the banks in due course to update their voluntary disclosures from time to time as a practice under Section 4(1)(b) of RTI Act. Appeal is posted on 16th November 2018 for compliance and penal proceedings."

The order said that the RBI has the right to obtain information from the banks under Section 27 and that this information can only be in its discretion published in such consolidation form as it deems fit.

The order further said, “The commission has no alternative except to hold the governor, Urjit R Patel, and other officers of the top management of this esteemed institution for dis-honouring the judgment and directions of the Supreme Court. The commission considers the governor as deemed PIO responsible for non-disclosure and defiance of SC orders and CIC orders and directs him to show cause why maximum penalty should not be imposed on him for these reasons, before November 16, 2018.”

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