SupremeCourt to hear plea filed by BJP MP @Swamy39 seeking direction to frame guidelines to prevent huge Non- Performing Assets in Banking Sector. 
Swamy: Your lordships had made an observation about the need to consider ways to deal with large size NPA
Justice DYC: This is basically a legislative juridiction.
Swamy: Form a committee a present a report
Justice DYC: This is basically a legislative juridiction.
Swamy: Form a committee a present a report
Justice Nath: RBI and ministries have been framing guidelines from time to time.
Swamy: It doesn’t bar the court from considering this matter.
Swamy: It doesn’t bar the court from considering this matter.
Justice DYC: Function of constituting committee is cumbersome.
Swamy: RBI has been exercising secrecy. We haven’t been told about NPAs. This is not like a monetary policy. Public needs representations
Swamy: RBI has been exercising secrecy. We haven’t been told about NPAs. This is not like a monetary policy. Public needs representations
Court: In a matter of this nature, the reliefs which have been sought are core issues of policy, which pertain to the domain of expert bodies. The matter may not be amenable to judicially manageable standards. Courts cannot tread into policy domain. Issue pertains to RBI
The petitioner can submit a representation or this petition itself. It is left open for petitioner to do so. We are not inclined to interfere given that it is a policy issue.
Supreme court disposes PIL seeking framing of guidelines for handling NPAs with liberty to petitioner to approach RBI
@Swamy39
Reports @sai_prasad_law
lawbeat.in/top-stories/su…
@Swamy39
Reports @sai_prasad_law
lawbeat.in/top-stories/su…
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