NewzThe Reserve Bank of India (RBI) has filed a caveat in the High Court regarding potential legal action by Tata Sons. The central bank has requested that it be given a prior hearing should Tata Sons initiate any litigation against the regulator in the matter.
A caveat is a formal legal notice filed by a party to ensure that no adverse orders are passed against them without being provided an opportunity to be heard. This move indicates a proactive stance by the RBI in anticipation of potential legal challenges concerning its regulatory decisions or oversight involving the conglomerate.
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