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CIRP filed on basis of RBI circular dated 12.02.2018 to be declared non-est and not to be admitted

January 9, 2020[2020] 113 27 (NCLT - Hyd.)

IBC: Where Supreme Court declared RBI Circular dated 12-2-2018 on revised framework for resolution of stressed assets as ultra vires and all actions taken thereunder were to be declared as non-est, CIRP petition filed by financial creditor only because of said circular was also to be held as non-est and such petition could not be admitted

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