Supreme Court Strikes Down RBI’s Feb. 12 Circular
A view of Supreme Court of India in New Delhi. (Source: PTI)

Supreme Court Strikes Down RBI’s Feb. 12 Circular

The Supreme Court struck down the Reserve Bank of India’s Feb. 12 circular on defaulting companies, calling it illegal. “We found RBI's February 12 circular to be ultra vires,” the apex court ruled...
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