Several companies, especially power firms, had sought intervention of the Supreme Court.
A bench comprising Chief Justice Ranjan Gogoi and Justice R F Nariman also gave a 'free hand' to Prateek Hajela, Assam NRC coordinator dealing with claims and objections of persons against wrong exclusion or inclusion of citizens in the NRC. (Photo: File)
New Delhi: The Supreme Court dismissed a Reserve Bank of India circular that gave firms 180 days for debt resolution, failing which the issue would be taken under the country’s bankruptcy, TV channels reported on Tuesday.
Several companies, especially power firms, had sought intervention of the Supreme Court saying the time given by the central bank was not enough time to tackle the debt issue.
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