Delhi High Court stays RBI order declining to allow Religare Finvest debt restructuring

The Court was told that RBI overlooked the fact that the ownership of Religare Enterprises has changed, and criminal proceedings have been initiated against the erstwhile promoters.
Delhi High Court
Delhi High Court

The Delhi High Court recently stayed a communication issued by the Reserve Bank of India (RBI) declining to allow the restructuring of Religare Finvest Limited (RFL) [Religare Finvest Limited v. Reserve Bank of India].

Want to read the full story?

We’re glad you’re enjoying this story. Subscribe to any of our plans to continue reading the story.

Already have an account? Sign In

Related Stories

No stories found.
Bar and Bench - Indian Legal news
www.barandbench.com