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India debtors may challenge bankruptcies after Supreme Court blocks Reserve Bank circular

By Declan Bush

12 April 2019

Indian insolvency professionals are waiting for the country’s Reserve Bank to revise its policy on debt resolution, after the Supreme Court quashed a year-old circular in an act that could see some Indian debtors challenge their insolvency proceedings.

India debtors may challenge bankruptcies after Supreme Court blocks Reserve Bank circular The Supreme Court of India, New Delhi. (Credit: iStock.com/anil_shakya19)