directing the Union of India – Ministry of
Finance and RBI and others challenging the RBI Circular dated
August 06, 2020 to the extent mentioned ... submitted that the RBI Circular relating to Covid19
relief packages viz. impugned RBI notifications, RBI Circulars
dated 6.8.2020, 7.9.2020 have left the option
RBI has been
done ignoring the prevailing realities.
(c) Repayment of 20 per cent of the outstanding principal
debt as per the RBI Circular ... fact that a
representative of the RBI attended meetings of the Parliamentary
Standing Committee, the RBI Circular was issued in complete
disregard of the recommendations
Maharashtra State Electricity ... vs Maharashtra Electricity Regulatory ... on 8 October, 2021
Author: Indira Banerjee
Bench
India / Respondent No.14
("RBI") issued its Prudential Framework for Resolution of Stressed Assets Circular
("RBI Circular").
2.5 On 6th July ... DTDs have an aggregate of 19 ISIN(s).
THE RBI CIRCULAR :
24. The RBI Circular came to be published on 7th June, 2019 "with
affidavit asserts that the necessary
procedure and in tune with the RBI circular has been followed.
The bank has acted fairly. There is no question ... list of Wilful Defaulters
Please refer to the Master Circular on Wilful
Defaulters (RBI Circular) issued by RBI and the Show
Cause Notice No.IDBI
account. The assessing officer, drawing support from the RBI circular, which
states that where the costy price is less than th efface value, the difference ... classification / disclosure made as per RBI guidelines.
RBI itself has allowed shifting of Point no. vi of RBI circular is
enough self explanatory
Debenture Trust Deeds‖ or ―Debenture Trust Deed‖
5
―RBI Circular‖
6
Clause 4, RBI Circular.
7
―Resolution Plan‖
8
―ICA‖
4
PART ... RBI
Circular as illegal and ultra vires. They also sought an injunction restraining
RCFL, Bank of Baroda, and RBI from implementing the RBI Circular
Bank has produced 5 Master Circulars issued by RBI on charging of interest on various advances. Those Circulars are dated ... RBI. Their submission is that so far as certain categories of advances are concerned, which includes home finance also, in its circulars, the RBI
RBI, but RBI is
not made a party. The court is being called upon to give a
particular meaning to the RBI circular ... what was
intended by RBI. It is submitted that in absence of RBI,
width and broadness of the RBI circular should not be
narrowed down
Even apart from the argument that the RBI Circular-in-question as
well as the subsequent RBI Circular dated March 1, 2020, issued in
view ... read with the other provisions of the Master Circular as
discussed above.
37. The RBI Circular bearing
