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The Supreme Court of India has made significant decisions regarding the Kerala government's challenge against the Centre's borrowing cap restrictions. In an interim order, the court refused Kerala's plea seeking a direction to the Centre to relax its borrowing cap restrictions. Furthermore, the case has been escalated as the Supreme Court referred the matter to a five-judge Constitution bench. This move comes after the state accused the Union of India of arbitrarily limiting its borrowing powers, which it claimed brought it to the brink of a financial emergency.
Supreme Court Constitution Bench To Hear Kerala Petition Against Borrowing Cap https://t.co/GpwEPszVBA
SC rejects #Kerala plea for directing Centre to relax borrowing cap restrictions (@utkarsh_aanand reports) https://t.co/JpWqPuMLon https://t.co/DtSu5J5DkA
SC rejects #Kerala plea for directing Centre to relax borrowing cap restrictions https://t.co/JpWqPuMLon https://t.co/jrrdXq9upf
Supreme Court Setback For Kerala In Funds Allocation Row With Centre https://t.co/XJuEFPY13Z
#SupremeCourt rejects #Kerala plea for directing Centre to relax borrowing cap restrictions https://t.co/JpWqPuMLon https://t.co/4N5kjSvnZO
JUST IN | In an interim order, a two-judge bench of the SC refers to Constitution Bench a suit filed by the State of Kerala accusing the Union of India of arbitrarily limiting its borrowing powers and bringing it to the brink of financial emergency, @kdrajagopal reports
SC refers Kerala govt's suit raising issue of ceiling on net borrowing to five-judge Constitution bench
Kerala vs Centre | Supreme Court in an interim order refuses Kerala Government's plea seeking direction to Centre to relax its borrowing cap restrictions
Kerala vs Centre | Supreme Court refuses Kerala Government's plea seeking direction to Centre to relax its borrowing cap restrictions