Gujarat HC

Essar's Plea Against RBI's Bankruptcy Order Rejected by Gujarat HC

Referring to the RBI's June 13 press release, Justice Shah however told the central bank that it "has to be careful while issuing press releases; it must be in consonance with the constitutional mandates, based upon sound principles of law, but in any case should not be in the form of advice, guidelines or directions to judicial or quasi-judicial authorities in any manner whatsoever".