Senior Advocate V. Giri for RBI : Downgrading done... ... 𝙇𝙤𝙖𝙣 𝙈𝙤𝙧𝙖𝙩𝙤𝙧𝙞𝙪𝙢 & 𝙄𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙒𝙖𝙞𝙫𝙚𝙧- Hearing- LIVE-UPDATES from SC

Senior Advocate V. Giri for RBI : Downgrading done on an individual basis. Two weeks deferment without any interim orders to this effect important. No averment as such.

Sibal: April 7, 2020's circular of RBI stipulates prevention of downgrading itself.