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Court Strikes Down RBI Circular on Stressed Assets; Sections 35AA and 35AB of Banking Regulation Act Challenged.

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....Constitutional validity of Sections 35AA and 35AB of the Banking Regulation Act, 1949 - Reserve Bank of India (RBI) Circular issued on 12.02.2018, by which the RBI promulgated a revised framework for resolution of stressed assets - circular quashed.....

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