CHENNAI, SEPT. 16:
The Chennai-based First Leasing Company of India has approached the Madras High Court following the Reserve Bank of India order stopping it from transacting any further business, according to Farouk Irani, Managing Director, First Leasing. The RBI directive on Saturday said the decision follows an inspection of the company’s books of accounts and related documents as of March 31, 2013. Irani said the company does not agree that even regular expenses should require RBI’s clearance, and “hence we have approached the court”...........
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