https://www.taxtmi.com/caselaws?id=369015 Judicial review of the RBI's selection of stressed accounts for insolvency referral is limited where the action is taken under Sections 35AA and 35AB of the Banking Regulation Act, 1949 and rests on objective, expert-driven criteria. The analysis states that such regulatory choices in banking and economic policy will be interfered with only if they are shown to be arbitrary, unreasonable, capricious or mala fide. It further notes that tranche-wise or phased sequencing of referrals is permissible, and that the fact other accounts may also meet similar parameters does not by itself render the selection unlawful or violative of Article 14. en-us Tue, 09 Oct 2018 00:00:00 +0530 Thu, 18 Oct 2018 07:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369015 Judicial review of the RBI's selection of stressed accounts for insolvency referral is limited where the action is taken under Sections 35AA and 35AB of the Banking Regulation Act, 1949 and rests on objective, expert-driven criteria. The analysis states that such regulatory choices in banking and economic policy will be interfered with only if they are shown to be arbitrary, unreasonable, capricious or mala fide. It further notes that tranche-wise or phased sequencing of referrals is permissible, and that the fact other accounts may also meet similar parameters does not by itself render the selection unlawful or violative of Article 14. Case-Laws Insolvency and Bankruptcy Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369015