Delhi HC grants relief to Indiabulls Housing Finance on NCD dues

Indiabulls Housing Finance Ltd. Vs (Delhi High Court) 1. Allowed, subject to all just exceptions. 2. The Applications are disposed of. W.P.(C) 2963/2020, CM APPL. Nos. 10281/2020 (stay) & 10285/2020 (exemption from filing court fee) 1. This writ petition has been taken up for hearing on video conferencing, in view of the lockdown, declared by the Government, pursuant to the n-COVID-2019 crisis. 2. The provocation for filing this writ petition is a circular, dated 27th March, 2020, issued by the Reserve Bank of India (RBI), annexed as Annexure P-1 to this writ petition, para 2 of which re...