Case Law Details
Case Name : Federation of Indian Asset Financiers Associations Vs. Reserve Bank of India (Madras High Court)
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All High Courts Madras High Court
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Federation of Indian Asset Financiers Associations Vs. Reserve Bank of India (Madras High Court)
Summary: The Madras High Court recently upheld the Reserve Bank of India’s (RBI) regulatory framework on Net Owned Fund (NOF) requirements for Non-Banking Financial Companies (NBFCs). The case, brought by the Federation of Indian Asset Financiers Associations, challenged the RBI’s circular increasing the NOF threshold from ₹2 crore to ₹10 crore in phases until March 31, 2027. The petitioner argued that certain financial instrument
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