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The Madras High Court today issued a notice to the Reserve Bank of India (RBI), asking it to respond to a Public Interest Litigation (PIL) filed with the Court challenging the Non-Performing Assets (NPA) norms set by the banking regulator. The notice was issued by Justice M M Sundresh and Justice R Hemalatha, confirmed the petitioner’s lawyer M R Venkatesh. The petitioner Rajaa R K had prayed to the Court to direct the banking regulator to form a committee to look at NPA classification norms and set new ones suitable to the Indian economy after considering the current circumstances.
by Sekar Reporter · Published July 11, 2020
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W.P.No.7284 of 2021 N . ANAND VENKATESH, J. The matter was posted for hearing today to take note of developments that have taken place pursuant to the orders passed by this Court on 07.06.2021. 2.The learned State Public Prosecutor appearing on behalf of
by Sekar Reporter · Published August 31, 2021
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