Supreme Court not to intervene in plea on NPAs
The Hindu
Rajya Sabha member Subramanian Swamy had filed a petition to check the menace of the ever-rising Non Performing Assets in the banking sector.
The Supreme Court on Thursday declined to intervene in a petition filed by Rajya Sabha member Subramanian Swamy for framing guidelines to check the menace of the ever-rising Non Performing Assets in the banking sector.
A Bench led by Justice D.Y. Chandrachud said the petition might not be “judicially manageable” as it treads into the domain of policy of the Executive and the Reserve Bank of India.
The court, however, allowed Dr. Swamy to make a representation before the RBI which may consider whether any of its guidelines need modification.