https://www.taxtmi.com/caselaws?id=397484 The court upheld ICRA's right to publish downgraded ratings without issuer acceptance, citing SEBI CRA Regulations and RBI guidelines. It found ICRA's rating factors, including business risks and debt metrics, were reasonable and not arbitrary. Declining to grant a mandatory injunction, the court emphasized ICRA's professional judgment and the importance of continuous rating dissemination for stakeholder protection. The suit was dismissed, affirming ICRA's actions as valid and in line with regulatory requirements. en-us Tue, 18 Aug 2020 00:00:00 +0530 Thu, 20 Aug 2020 09:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397484 The court upheld ICRA's right to publish downgraded ratings without issuer acceptance, citing SEBI CRA Regulations and RBI guidelines. It found ICRA's rating factors, including business risks and debt metrics, were reasonable and not arbitrary. Declining to grant a mandatory injunction, the court emphasized ICRA's professional judgment and the importance of continuous rating dissemination for stakeholder protection. The suit was dismissed, affirming ICRA's actions as valid and in line with regulatory requirements. Case-Laws SEBI Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397484