Case Law Details
Case Name : Dharani Sugars And Chemicals Ltd. Vs Union of India & Ors. (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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Dharani Sugars And Chemicals Ltd. Vs Union of India & Ors. (Supreme Court of India)
Conclusion –
Hon’ble Supreme Court held that RBI Circular directing bank to take recourse to Insolvency and Bankruptcy Code (IBC) is ultra vires to Section 35AA of the Banking Regulation Act.
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