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News digest: Binani likely to move SC, CBI questions RBI, Goafest, and more

From Binani Cement to CBI scandal, Business Standard brings you up to date with the latest news

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BS Web Team
Insolvency proceedings: Binani Cement likely to move SC on UltraTech plan

Binani Cement is likely to move the Supreme Court on Monday to end insolvency proceedings against it. The company’s lenders have asked it obtain the necessary permission before consenting to an out-of-court settlement. Read more
 

CBI examines rationale for RBI issuing 20:80 gold import scheme in 'haste'

The Central Bureau of Investigation (CBI) is examining the rationale for the Reserve Bank of India (RBI) issuing the 20:80 gold import scheme circular “in haste” on May 21, 2014. 
 
CBI officials,