 "reserve bank of india")
The Supreme Court is scheduled to start hearing in the power, sugar, and shipping companies challenge to the Reserve Bank of India’s (RBI) February 12 circular from Wednesday. With a total exposure of nearly Rs 2 trillion in the power sector alone, companies hoping for a verdict in their favour may have to face some disappointment, experts said.
“Value maximization is the main purpose of the Insolvency and Bankruptcy Code (IBC) and that has been upheld by the Supreme Court time and again via various judgments. If the petitioners limit themselves to this line of argument, there is some hope for
