Home Business RBI’s circular against defaulters under IBC quashed by SC

RBI’s circular against defaulters under IBC quashed by SC

By
Dhrumit Thakkar
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517
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(G.N.S) Dt. 3 New Delhi Supreme Court has quashed the RBI’s February 12, 2018, circular, which directed banks to move against defaulters under the Insolvency and Banking Code (IBC) on their failure to pay up within 180 days from March 1, 2018. A bench comprising Justices R F Nariman and

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