 "interest rates, rate cut, RBI MPC")
The Supreme Court of India will on Tuesday pronounce its judgement in the companies’ challenge to the Reserve Bank of India’s February 12 circular.
A two-judge Bench of Justice Rohinton Fali Nariman and Justice Vineet Saran had heard the companies’ who had moved the apex court against the circular.
The banking sector regulator in this circular had allowed 180 days for debt resolution, failing which the asset would have to be taken to National Company Law Tribunal (NCLT) for initiation of insolvency against them. The deadline got over on August 31, 2018.
The cases challenging the circular were filed in
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