RBI circulars to mitigate COVID-19 financial disruption not applicable to defaults that occurred before pandemic: Delhi High Court

An order to this effect was passed by a single-judge Bench of Justice Prathiba M Singh.
RBI Reserve Bank of India
RBI Reserve Bank of India

The Delhi High Court held that the benefits rolled out by the Reserve Bank of India (RBI) to mitigate financial disruption caused by COVID-19 do not apply to defaults which occurred prior to the outbreak of the pandemic (Amit Khaneja vs IL&FS).

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