https://www.taxtmi.com/caselaws?id=366128 Interim judicial restraint was declined in a challenge to the RBI's stressed asset resolution circular because the petitioners had not shown a sufficient factual basis for urgent protection, and the Court noted the availability of insolvency mechanisms and broader banking stability concerns. The collective writ petitions by the associations were treated as maintainable because their bye-laws and pleadings authorised representative litigation and some member-projects fell within territorial jurisdiction. The Court also declined to halt the matter pending High Level Empowered Committee and Central Government consideration, while preserving the statutory powers of the RBI and financial creditors and directing the process to continue without interim restraint. en-us Mon, 27 Aug 2018 00:00:00 +0530 Thu, 30 Aug 2018 06:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366128 Interim judicial restraint was declined in a challenge to the RBI's stressed asset resolution circular because the petitioners had not shown a sufficient factual basis for urgent protection, and the Court noted the availability of insolvency mechanisms and broader banking stability concerns. The collective writ petitions by the associations were treated as maintainable because their bye-laws and pleadings authorised representative litigation and some member-projects fell within territorial jurisdiction. The Court also declined to halt the matter pending High Level Empowered Committee and Central Government consideration, while preserving the statutory powers of the RBI and financial creditors and directing the process to continue without interim restraint. Case-Laws Indian Laws Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366128