High Court of Karnataka Allows Winding Up of Non-Banking Financial Company by Reserve Bank of India for Non-Payment of Debts. RBI's petition under Section 45-MC of RBI Act, 1934 read with Section 433 of Companies Act, 1956 succeeds as company is unable to pay its debts.
17 Nov 2017The Reserve Bank of India (RBI) filed a company petition under Section 45-MC of the Reserve Bank of India Act, 1934 read with Section 433 of the Compa...
