RBI Circular Taking Companies To NCLT For Insolvency Struck Down By Supreme Court
Case Name: Dharani Sugars and Chemical Ltd. v. Union of India and Ors. Bench: Justice R.F Nariman and Justice Vineet Saran Supreme Court of India struck down the circular dated 12.02.2018 released by RBI which instructed the banks to initiate corporate insolvency proceedings against companies whose non-performing assets are equal
