Rapido Moves SC Against Bombay HC Order To Stop Operation In Maharashtra

The Supreme Court agreed to hear on January 23 plea of Rapido, the bike taxi and auto aggregator, challenging the Bombay High Court order which directed it to stop operation in Maharashtra immediately

Topics

Supreme Court | Bombay High Court | Maharashtra

ANI  General News 



Bike taxi startup Rapido plans to ramp up hiring of women captains

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

The on Tuesday agreed to hear on January 23 plea of Rapido, the bike taxi and auto aggregator, challenging the order which directed it to stop operation in immediately as it does not have a license to operate bike taxi or rickshaw services.

A bench headed by Chief Justice of India DY Chandrachud agreed to list the matter for Monday after it was mentioned before it.

Senior advocate Mukul Rohatgi mentioned the matter for urgent hearing and said the company has thousands of employees.

The last week directed Roppen Transportation Services Private Limited, which operates bike taxi aggregator Rapido, to shut operations immediately as the startup is yet to receive a licence to operate from the government. Accordingly, the bike taxi aggregator Rapido was to close down all its services till January 20.

The High Court pulled up a Pune-based bike taxi aggregator for operating without procuring a licence from the government and directed it to suspend the services immediately.

Roppen Transportation moved the High Court against a communication issued to it by the Maharashtra government on December 29, 2022, refusing to grant them a bike taxi aggregator licence.

The government cited the reason that there was no state policy on licensing of bike taxis and there was no fare structure policy.

The State government has told the High Court that a committee has been set up to explore the formulation of guidelines for bike taxis in the State.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Tue, January 17 2023. 18:38 IST


RECENT NEWS

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more