https://btcmanager.com/india-rbi-set-to-challenge-supreme-courts-crypto-verdict/
this looks like a desperate last ditch effort by the central bank. the supreme court took 2 years to quash the RBI ban. i doubt they'll reverse that decision so easily!
this twitter thread outlines what the RBI's planned petition means legally. emphasis mine:
It is a judicial re-examination of the case.
It is filed before the same bench of judges.
No oral arguments are heard unless ordered by the Court. Review is decided by way of circulation of Application to the Judges who passed the judgment.
Only those judgements warrant review which have inadvertent errors apparent on the face of record.
It is required to be filed within 30 days from the date of judgment.
It is governed by Article 137 of the Constitution and Order 40 of Supreme Court Rules.
Review petitions are allowed very rarely. In most of the cases they are dismissed.
The concerned case has been brilliantly argued by Mr. Ashim Sood and Mr. Nakul Dewan. Similarly the Hon'ble judges have brilliantly written the Judgement which runs into 180 pages. It would be interesting to see what error apparent RBI can find in the Judgement.
We believe that this Review Application would be dismissed, if RBI chooses to file it.