https://www.taxtmi.com/caselaws?id=295531 The court recognized the prima facie arbitrariness in excluding NBFCs from RBI notification benefits, leading to unequal treatment and downgrading of assets. It acknowledged the violation of Article 14 of the Constitution and found merit in the petitioner's case, directing further hearings to address the concerns raised by the petitioner regarding the unfair treatment of NBFCs compared to other borrowers. The court considered the matter triable and allowed for the case to proceed, despite arguments of legislative domain interference by the respondents. en-us Thu, 10 Dec 2020 00:00:00 +0530 Tue, 08 Jun 2021 09:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295531 The court recognized the prima facie arbitrariness in excluding NBFCs from RBI notification benefits, leading to unequal treatment and downgrading of assets. It acknowledged the violation of Article 14 of the Constitution and found merit in the petitioner's case, directing further hearings to address the concerns raised by the petitioner regarding the unfair treatment of NBFCs compared to other borrowers. The court considered the matter triable and allowed for the case to proceed, despite arguments of legislative domain interference by the respondents. Case-Laws Indian Laws Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295531