Reserve Bank of India v. Jayantilal N. Mistry (Supreme Court of India, 2015-12-16) (2016) 5 SCC 136 is a ruling on the Right to Information Act, 2005 — Sections 8(1)(d), 8(1)(e), 8(2). §8(1)(e) fiduciary applies only in strict classical sense; regulator-regulated is not fiduciary. Section 8(1)(e) fiduciary exemption is confined to the strict classical fiduciary relationship — doctor-patient, lawyer-client, trustee-beneficiary, priest-penitent.
§8(1)(e) fiduciary applies only in strict classical sense; regulator-regulated is not fiduciary.
Section 8(1)(e) fiduciary exemption is confined to the strict classical fiduciary relationship — doctor-patient, lawyer-client, trustee-beneficiary, priest-penitent. The relationship between RBI and the regulated bank is not fiduciary. Bank inspection reports and willful-defaulter lists must be disclosed where public interest is involved.
Bank inspection reports + defaulter list disclosable; PI override applies.