SC rejects plea for cryptocurrency regulation guidelines โ€“ The Sunday Guardian Live

NEW DELHI

The Supreme Court refused to consider a petition seeking a directive to the Center and others to lay down guidelines to supervise cryptocurrency trading and mining. Cryptocurrencies are decentralized digital or virtual currencies that operate independently of a central bank.

A bench of Chief Justice DY Chandrachud, along with Justices JB Pardiwala and Manoj Misra, noted that the main reliefs sought in the plea were more like legislative directives. The court observed that although the petition fell under Article 32 of the Constitution, it seemed evident that the โ€œreal intention is to seek bail in the ongoing proceedings against the petitioner.โ€
The court stated: โ€œWe cannot support this course of action. The petitioner is free to go to the corresponding court to obtain ordinary bail. As for the main reparations, they refer rather to a legislative direction, which the court cannot dictate under Article 32 of the Constitution.โ€
Article 32 deals with the right to constitutional remedies, and Article 32 (1) gives the citizen the right to approach the high court to enforce his rights. The court highlighted that the relief sought in the plea filed by the Uttar Pradesh-based individual also included a directive for processing cases related to digital assets/cryptocurrencies.

โ€œAccordingly, we resolve the petition, granting the petitioner the freedom to file legal remedies in accordance with the law,โ€ the court stated.
domestic dispute
Thane court sentences him to life imprisonment for killing his father-in-law
The Thane district court in Maharashtra sentenced a 30-year-old man to life imprisonment for beating his father-in-law to death during a dispute.
Additional Sessions Judge DB Bangde found the accused Vijay Bhagwan Aaswar guilty of the charges under relevant sections of the Indian Penal Code. The court also imposed a fine of Rs 9,000 on the accused.
During the court proceedings, additional public prosecutor Varsha Chandane informed that the accused, Vijay Bhagwan Aaswar, was married to the victim's daughter, Ramchandra Kalappa Jadhav. The woman's family did not approve of their union, which led to frequent disputes. The couple finally separated two years after getting married.

The incident occurred when the accused visited his in-laws' residence on February 25, 2016. An argument occurred, during which he attacked his father-in-law with an iron bar. The victim suffered serious injuries and succumbed to them at a hospital.

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