The
The press release of even date from the RBI also stipulates the following:
1) The step has been taken owing to governance concerns and defaults by SIFL and SEFL in meeting their various payment obligations.
2) Shri Rajneesh Sharma, Ex -
3) The RBI also intends to shortly initiate the process of resolution of SIFL and SEFL under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.
4) The RBI would also apply to the
https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR9815AE6425140EE4DC48371A96496F58F18.PDF
Originally published
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