In its petition, IIFL said ACRE arbitrarily suspended and eventually terminated recovery operations, disrupting momentum and continuing to levy fees in violation of RBI guidelines. The finance firm also said ACRE misused trust funds to cover its legal expenses in arbitration proceedings-costs that were explicitly disallowed under the transaction documents.
Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the
September 23, 2026