Banks Must Follow MSME Restructuring Framework Before Classifying NPAs: Supreme Court

In a significant judgment, the Supreme Court of India has overruled the Bombay High Court’s decision regarding the restructuring process for Micro, Small, and Medium Enterprises (MSMEs). A division bench of Justice Bela M. Trivedi and Justice R. Mahadevan heard the case of M/s. Pro Knits vs. The Board of Directors of Canara Bank &

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