SC rejects tough rule on debt resolution

FILE PHOTO: The logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai, India, February 7, 2019. REUTERS/Francis Mascarenhas/File Photo

The Supreme Court dismissed a Reserve Bank of India circular that gave firms 180 days for debt resolution, failing which the issue would be taken under the country's bankruptcy, TV channels reported on Tuesday.

Several companies, especially power firms, had sought the intervention of the Supreme Court saying the time given by the central bank was not enough time to tackle the debt issue.

 

Narendra Modi or Rahul Gandhi? Who will win the battle royale of the Lok Sabha Elections 2019


Get real-time news updates, views and analysis on Lok Sabha Elections 2019 on Deccanherald.com/news/lok-sabha-elections-2019 


Like us on Facebook or follow us on Twitter and Instagram with #DHPoliticalTheatre for live updates on the Indian general elections 2019.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 2

    Angry

Comments:

SC rejects tough rule on debt resolution

0 comments

Write the first review for this !