The High court has restrained Bank of Baroda, Bank of India, Punjab National Bank, Union Bank of India and SBI Global Factors Limited from taking any coercive action against it till the next date of hearing The Delhi High court has passed an interim order of no coercive action against Eastman Auto and Power Limited which shall include declassification of it, for the default committed by it in the Reverse Factoring Facility subject to the conditions stipulated by the court through its further orders.
The High court has restrained Bank of Baroda, Bank of India, Punjab National Bank, Union Bank of India and SBI Global Factors Limited from taking any coercive action against it till the next date of hearing.