Action of RBI in selecting the petitioner as one of the ...

Court Upholds RBI's Discretion in Borrower Selection; Dismisses Challenge Alleging Violation of Article 14.

October 18, 2018

Case Laws Insolvency and Bankruptcy HC

Action of RBI in selecting the petitioner as one of the borrowers and issuing instructions to the banks to make a reference under the IBC - whether is arbitrary, unreasonable and falls foul of Article 14 of the Constitution of India? - The RBI retains full discretion as to which account is to be included in which trench and this Court finds no reason to interfere with the exercise of such discretion. petition dismissed.

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Action of RBI in selecting the petitioner as one of the ...

Court Upholds RBI's Discretion in Borrower Selection; Dismisses Challenge Alleging Violation of Article 14.

October 18, 2018

Case Laws Insolvency and Bankruptcy HC

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