Supreme Court grants temporary relief to Power Cos from IBC proceedings [Read ORDER]

Varun Marwah September 12 2018
adani power

The Supreme Court has asked the RBI, banks and others to refrain from taking any actions pursuant to the February 12 circular issued by the RBI.

The Allahabad High Court had last week rejected interim relief to the power sector from the applicability of the RBI Circular.

Status quo, as of today, shall be maintained in the meantime”, ordered a bench of Justice

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