Private Crypto Dispute Does Not Become a Public Law Issue Merely Because Many Investors Are Involved: Delhi High Court

The Delhi High Court has dismissed an appeal filed by users of the cryptocurrency exchange BitBNS, holding that disputes relating to withdrawal restrictions, alleged fund mismanagement and compensation are private commercial disputes and cannot be converted into public law proceedings merely because a large number of investors are affected. The Division Bench held that such disputes must be pursued before competent civil or consumer forums and not through a writ…