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Why the Supreme Court is right in repealing RBI’s directive on resolving bad debts

Updated : April 08, 2019 12:53 PM IST

Pursuant to the SC order, the RBI must strive to exercise its powers reasonably and judiciously.
Regulatory bodies may have the right intentions, however, they cannot exercise powers beyond what is conferred upon them.
Why the Supreme Court is right in repealing RBI’s directive on resolving bad debts
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