Bombay HC Asks RBI, Centre To Examine Rules For Debt Management Firms Over Misleading Loan Waiver & Settlement Promises
Mumbai: The Bombay High Court has called upon the Reserve Bank of India (RBI) and the Union government to examine the need for a regulatory framework to distinguish permissible debt-management assistance from misleading campaigns promising borrowers that their loans can be waived or extinguished, reports legal portal LiveLaw. The court observed that a clear demarcation was necessary between…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
