NCLT reserves order on RBI’s plea to commence insolvency against Reliance Capital

Before that Ravi Kadam, senior advocate, appearing for the RBI informed the Mumbai bench of the National Company Law Tribunal (NCLT) that under the IBC, only the regulator has the power to initiate CIRP against financial services providers.

from Banking/Finance-Industry-Economic Times https://ift.tt/3GehsJC