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SC's ruling on Feb 12 circular allows companies and banks to negotiate on stressed assets, says advocate Mahesh Agarwal

Updated : April 02, 2019 12:19 PM IST

In a big win for power, sugar and infra companies, the Supreme Court on Tuesday struck down the Reserve Bank of India’s February 12 circular, declaring it as unconstitutional.
The mandate on banks to initiate bankruptcy proceedings against the companies, if they are not able to resolve in six months, is taken away: Mahesh Agarwal

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