HC Invalidates RBI Rejection of NBFC Exit Application | Biz Flow Kit
HC Invalidates RBI Rejection of NBFC Exit Application J. Thomas Finance Pvt. Ltd., an NBFC, decided to call it quits in early 2025. Citing a lack of commercial viability and the heavy weight of regulatory compliance, they applied to voluntarily surrender their Certificate of Registration (CoR) to the RBI. However, the RBI rejected the application…
