Gujarat HC Denies Relief To Essar Steel Against RBI's Order to Initiate Insolvency Proceedings [Read Judgment]
Apoorva Mandhani
17 July 2017 7:16 PM IST
![Gujarat HC Denies Relief To Essar Steel Against RBIs Order to Initiate Insolvency Proceedings [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2015/11/Essar-Leaks-min.jpg "Gujarat HC Denies Relief To Essar Steel Against RBIs Order to Initiate Insolvency Proceedings [Read Judgment]")
The Gujarat High Court on Monday dismissed Essar Steel's Petition against the Reserve Bank of India's directive to Banks for initiating insolvency proceedings against the Company. An oral order was passed by Justice S.G. Shah, with a detailed order expected later today.Essar Steel had approached the High Court challenging a circular issued by the RBI on 13 June, directing banks to...
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