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Madras high court Judgement on NBFC License Cancellation

Narendra Kumar

| Updated: Feb 22, 2019 | Category: Legal Agreements, Resource

The reserve bank of India is empowered by the RBI Act to cancel the NBFC License granted to a company, the major reason was of not meeting the public interest at large. In 2018 more than 4000 NBFC License has been canceled by the RBI due to a shortfall in NOF.

Madras high court Judgement on dated 29-01-2019 is a big relief to more than 2000+ NBFC license has been canceled merely because there was a delay in fulfilling the minimum Net owned fund of Rs. 2 Cr. Read Full judgment.

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Cancellation in the PDF format.

Narendra Kumar

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