RBI Reserve Bank of India
RBI Reserve Bank of India

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.

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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