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SC to begin hearing on RBI's circular on insolvency proceedings

The bench of Justice Rohinton Fali Nariman and Justice Navin Sinha said the hearing on a batch of petitions by companies belonging to power, sugar textile, I.T., Shipping and other sectors would commence on November 28

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Supreme Court

Supreme Court

The Supreme court on Friday said it would commence from November 28 hearing on a batch of petitions contesting February 12, 2018, Reserve Bank of India 's circular spelling revised framework for initiation of insolvency proceedings against defaulting companies without any delay.

The bench of Justice Rohinton Fali Nariman and Justice Navin Sinha said the hearing on a batch of petitions by companies belonging to power, sugar textile, I.T., Shipping and other sectors would commence on November 28.

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