Regulatory authority substitution: National Housing Bank or Reserve Bank now specified, and NCLT recognized for orders. The amendment replaces references to the National Housing Bank with references to the National Housing Bank or the Reserve Bank in specified sub sections, and substitutes references to orders made by an authorised officer with references to orders made by the National Company Law Tribunal, thereby broadening regulatory authority and changing the recognised issuing forum for certain orders.
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Provisions expressly mentioned in the judgment/order text.
Regulatory authority substitution: National Housing Bank or Reserve Bank now specified, and NCLT recognized for orders.
The amendment replaces references to the National Housing Bank with references to the National Housing Bank or the Reserve Bank in specified sub sections, and substitutes references to orders made by an authorised officer with references to orders made by the National Company Law Tribunal, thereby broadening regulatory authority and changing the recognised issuing forum for certain orders.
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