bonumlex - law firm in delhi

BANKING REGULATION ORDINANCE, 2017: RBI GETS POWER TO INITIATE INSOLVENCY PROCESS AGAINST DEFAULTERS

News Date: 05 May 2017

President Pranab Mukherjee has approved Banking Regulation (Amendment) Ordinance, 2017 which gives power to Reserve Bank of India to initiate insolvency resolution process in respect of a default, under Insolvency Code of 2016.

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply