Powers of the RBI are not in doubt at all, says governor Shaktikanta Das

"It is the right of any person - individual or legal corporate entity - to challenge the decision of any authority in the court of law. The RBI cannot be an exception to this"

How are you viewing the SC order?

The SC mandates the RBI to exercise its powers under Section 35AA in respect of specific defaults by debtors. RBI’s powers under this and other sections of the Banking Regulation Act are not in doubt at all. The RBI will take necessary steps, including issuance of a revised circular, for expeditious and effective resolution of stressed assets. The RBI stands committed to maintain and enhance momentum of resolutions.
 
Is there a timeline for the new circular?

A revised circular will be out soon and there will not be any undue