On The Supreme Court’s Strange New Judgement Striking Down RBI’s February 12 Circular
Let havoc reign.
Since the time the government opened up the sector for investment, the story of India’s private power producers has resembled that of Mr. Micawber – and they are about to be put into a modern day version of debtors’ prison, after the Allahabad High Court refused to spare them the ignominy of IBC proceedings.
RBI arbitrarily sends twelve companies into insolvency resolution.