Crime & Law · India
RBI files caveat in Bombay High Court over Tata Sons' deregistration plea
The Reserve Bank of India (RBI) has filed a caveat in the Bombay High Court, anticipating a potential legal challenge from Tata Sons. Tata Sons had applied for deregistration as a core investment company, a status that would exempt it from stock market listing requirements. The RBI rejected this application. By filing the caveat, the RBI seeks to ensure it is heard by the court before any interim relief is granted to Tata Sons or any other party challenging the central bank's decision.
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- Centre (2): The Hindu BusinessLine, The Times of India