https://www.taxtmi.com/caselaws?id=257223 The court declined to issue judicial directions for framing a policy on how credit rating agencies assign ratings for bank loan purposes because the competent regulatory framework had already been put in place. It noted that the Reserve Bank of India had accredited credit rating agencies for this limited purpose and had applied the existing regulatory framework, so the subject was not unattended. The court further stated that it should not enter into economic policy or regulatory design once the relevant authorities have already considered the issue and adopted an appropriate framework. No further directions were warranted and the petition was closed. en-us Thu, 08 Jan 2015 00:00:00 +0530 Thu, 05 Mar 2015 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257223 The court declined to issue judicial directions for framing a policy on how credit rating agencies assign ratings for bank loan purposes because the competent regulatory framework had already been put in place. It noted that the Reserve Bank of India had accredited credit rating agencies for this limited purpose and had applied the existing regulatory framework, so the subject was not unattended. The court further stated that it should not enter into economic policy or regulatory design once the relevant authorities have already considered the issue and adopted an appropriate framework. No further directions were warranted and the petition was closed. Case-Laws Indian Laws Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257223