Beyond reasonable doubt that RBI circulars on loan moratorium are not applicable to mutual funds and debentures: Bombay High Court

The Bombay High Court held that the circulars issued by the Reserve Bank of India (RBI) providing for moratorium on repayment of term loans are not applicable to parties bound by a Debenture Deed.
Bombay High Court
Bombay High Court
Published on
3 min read

The Bombay High Court earlier this week held that the circulars issued by the Reserve Bank of India (RBI) providing for moratorium on repayment of term loans are not applicable to mutual funds and debentures (Zee Learn Ltd v. UTI Asset Management Co Ltd).

Loading content, please wait...
Bar and Bench - Indian Legal news
www.barandbench.com