Live Help
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :


Thank you for your details

Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session

SC quashes RBI’s Feb 12, 2018 circular holding it as ultra vires of Sec. 35AA of Banking Regulation Act

April 2, 2019[2019] 104 44 (SC)

FEMA, BANKING & INSURANCE : Section 35AA prohibits power of RBI to direct banking institutions to move under Insolvency Code from being exercised in any manner other than manner set out in section 35AA and, therefore, RBI circular dated 12-2-2018 by which RBI promulgated a revised framework for resolution of stressed assets is ultra vires of section 35AA

read more
Best view in 1140 x 768