Supreme Court Quashes RBI Circular on Stressed Assets: Dharani Sugars and Chemicals Ltd. vs. Union of India (2 April 2019)

/ Banking Regulation Act, 1949, Banking Regulation Act, 1949 with Section 35A, Banking Regulation Act, 1949 with Section 35AA, Banking Regulation Act, 1949 with Section 35AB, Constitutional Law, Constitutional Law with Article 14, Judges, R.F. Nariman, Reserve Bank of India Act, 1934, Reserve Bank of India Act, 1934 with Section 45L, Vineet Saran

Supreme Court Quashes RBI Circular on Stressed Assets: Dharani Sugars and Chemicals Ltd. vs. Union of India (2019) LEGAL ISSUE: The core legal issue revolved around the validity of the Reserve Bank of India (RBI) circular dated 12.02.2018, which prescribed a revised framework for the resolution of stressed assets, particularly concerning the timelines for referring […]

Supreme Court Quashes RBI Circular on Stressed Assets: Dharani Sugars and Chemicals Ltd. vs. Union of India (2 April 2019) Read Post »