Stay updated with breaking news from Sectoral Regulators. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In the competitive business world today, companies are always looking for ways to minimize costs and increase revenue. In this process, many times companies are amalgamated, merged, demerged, or ...
For RBI-regulated entities, though - and, in this instance, for banks subject to orders under Section 35A of the BR Act - legal options are limited to the reconsideration framework set out in the Act. The affected party goes back to RBI seeking a review of its decision. But this is neither bound by set processes nor timelines. The only alternate remedy is filing a writ petition before a high court or Supreme Court.
A delegation of Sahakar Bharati comprising Satish Marathe, D N Thakur, Uday Joshi, among others. met