How RBI Helped the Promoter of a Defaulting Power Company RattanIndia Power and Gave Him an NBFC Licence! - III
Abhinandan 29 March 2019
In the first part of the article, we discussed how the promoter of a bankrupt company, RattanIndia Power, managed to get a licence to start a non-banking finance company (NBFC) from the Reserve Bank of India (RBI). In the second part, we explained in detail what RBI is supposed to do, based on its own circulars, when promoters of a bankrupt company, owing thousands of crores of rupees to...
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