Credit Rating Agency can’t discharge ‘Public Functions’ as it is not characterized as ‘State’: Madras HC dismisses Writ Petition [Read Judgment]

The Madras High Court while dismissing the writ petition against India Rating and Research Pvt. Ltd. held that the Credit Rating Agency can not discharge ‘Public Functions’ as it is not characterized as ‘State’. The petitioner, Mahasemam Trust is a registered public trust. Its activities include micro-financing women Self Help Groups. It is a Non-Banking […]

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