Delhi High Court stays RBI's show cause notice to UVARCL

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The Delhi High Court on Friday stayed a Reserve Bank of India notice warning of possible cancellation of UV Asset Reconstruction Company Ltd’s (UVARCL) registration, over what the central bank termed an illegal bankruptcy resolution proposal moved by the ARC for telecom firm Aircel.

from Stocks-Markets-Economic Times https://ift.tt/3fKmqBV

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