').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Rapido Shuts Down App In Maharashtra; HC Told Firm Doesn't Have Licence
Committee set up by Maharashtra government studying guidelines for bike-taxis, court told
Topics
Bombay High Court | Maharashtra
Rapido, the bike-taxi service, told the Bombay High Court it discontinued its app at 1 pm in Maharashtra on Friday after being told earlier that it doesn’t have a licence.
The company agreed to close down all its services—bike, autorickshaw and food delivery—in Maharashtra till January 20, when the court will hear the matter again.
"The app is now inoperative in Maharashtra. We however do clarify for the convenience of customers who may have booked rides before 1pm today, the petitioner may fulfill those obligations. This is only for the convenience of those consumers," the court said.
A division bench of Justices G S Patel and Justice S G Dige had earlier told Rapido it would dismiss the company’s petition with costs if it refused to shut down services after the court was informed that Rapido doesn’t have a licence.
Maharashtra’s Advocate General. Birendra Saraf said Rapido has to first shut down its services if it wants the court to consider its plea.
Saraf told the court that a committee has been set up to explore guidelines for bike-taxis in the state. Maharashtra is in the process of initiating prosecution against Uber and other companies operating bike-taxis.
Rapido, in earlier hearings, argued that there is discrimination against it as Uber and others continue to offer bike-taxis.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, January 13 2023. 15:40 IST
RECENT NEWS
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
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