Q: What can a
financial institution possibly do in response to an interim order of the
Supreme Court?
A: Week 1: Study the Supreme Court order;
Week 2: Seek legal opinion;
Week3: Consult the Ministry of Finance;
Week
4: Prepare an application to the Supreme Court seeking clarification ;
Week 5: File the application in the Supreme
Court and seek more time;
Week 6: Receive fresh interim order from
the Supreme Court.
Q: What will happen
next?
A: Start from Week 1
afresh!
C H MAHADEVAN
