India Business News: The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgam
Madras High Court has directed RBI to reevaluate DBS Bank India and LVB pre-amalgamation, influencing share value/write-off decisions within four months, in response to bondholders suit, highlighting transparency and fairness for stakeholders.
The four Bar associations that are active at the Madras High Court’s principal bench in Chennai made a joint representation before Chief Justice SV Gangapurwala