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RBI Governor Shaktikanta Das said in his monetary policy speech that the Central Bank Digital Currency would be pre-programmed for specific use cases. Moneycontrol spoke with experts to glean insights into how this would work
Mumbai (Maharashtra)/New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Nithia Capital Resources Advisors LLP and Jai Saraf (Resolution Applicants) in connection with the submission, negotiations with the committee of creditors and implementation of resolution plan for Crest Steel and Power Private Limited (Crest Steel), a company undergoing corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016, as amended (IBC).
The acquisition of the controlling interest in CG Power by the Murugappa Group is to be executed though a binding swiss challenge bid to the lenders of CG Power under RBI’s directions for resolution of stressed assets.