Bombay HC dismisses Srei Group petition against RBI bankruptcy move
A division bench of Justices Ujjal Bhuyan and Madhav Jamdar, after hearing both sides dismissed the petition in an oral order and observed that the court is not inclined to entertain the matter further as there was no merit to it.
Insurers can maintain current accounts in appropriate number of banks: IrdaiThe central bank in its August 2020 circular instructed banks not to open current accounts for customers who have availed of credit facilities in the form of cash credit (CC) / overdraft (OD) from the banking system.
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