The Reserve Bank of India had issued a Press Release on June 13, 2017 bearing reference number 2016-2017/3363 (“Press Release”) titled 'RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)’.
The third line of paragraph no. 5 of the Press Release, which reads as follows:
“5. ...Such cases will be accorded priority by the National Company Law Tribunal (NCLT).” stands deleted.
The remaining contents of the Press Release remain unchanged.
Jose J. Kattoor
Chief General Manager
Press Release : 2017-2018/78