SC makes RBI a party in the Public Sector bad debts case [Read Petition]

Today a PIL (CPIL vs HUDCO) filed by the Centre for public interest litigation through its counsel, Prashant Bhushan regarding bad loans by HUDCO [writ petition [c] No.573 of 2003] to ineligible borrowers was heard by the Chief Justice of India T S Thakur, and Justices R Banumati and UU Lalit at Court 1 as item No.10.The court, in this case, had in 2005 ordered an inquiry by the Central...