REEDArticles

Latest Legal and Scholarly Articles and Opinions on
Banking and allied laws

Sep 3, 2021

Role of Banking Ombudsman in India - An Analysis...

The best quality of service supplied to a customer is currently the most significant thing to consider in the banking system. If the customer service offered meets the cl...

REEDLAW

Aug 27, 2021

Irretrievable prejudice would be done if bank guarantee is allowed to be encashed...

A Bank Guarantee (BG) is a common method of securing payment of money in commercial transactions because the beneficiary is entitled to receive the entire amount under th...

REEDLAW

Aug 24, 2021

Cheque dishonour proceedings require expeditious resolution...

The large backlog and pending cases/disputes before various judicial venues, Courts, Tribunals, and other bodies have been regularly bemoaned by Indian courts. 'Justice d...

REEDLAW

Aug 23, 2021

Applicability of Moratorium under IBC on Cheque Dishonour Proceedings...

A moratorium as defined in Section 14 of the Insolvency and Bankruptcy Code 2016 (IBC), is a time during which no new suits or continuations of existing ones against a co...

Ruchitha D.

Aug 22, 2021

Can the bank take borrower’s assets if it has defaulted on a personal loan?...

What happens if a borrower fails to repay a personal loan? In the case of a secured loan, such as a home or vehicle loan, the lender has the right to seize the collateral...

REEDLAW

Aug 17, 2021

Strengthening rights of banks as secured creditors...

A secured creditor is defined as a creditor in whose favour a security interest is created under section 3(30) of the IBC. Under section 3(31) of the Code, the phrase "Se...

REEDLAW

Jul 29, 2021

Comprehensive understanding of 'shell companies'...

Shell corporations or Shell companies are entities that do not have active business operations but are set up to achieve specific business goals such as lowering tax liab...

REEDLAW

Jul 23, 2021

Madras Bar Association v. Union of India - Full Bench of Supreme Court delivers concurrent...

A three-Judge bench of the Supreme Court of India in the case of Madras Bar Association v. Union of India, REED 2021 SC 07537, under Civil Original Jurisdiction, division...

REEDLAW

Jul 15, 2021

Bank Guarantee...

A Bank Guarantee is commonly a mode of securing payment of money, which involves commercial dealing as the beneficiary, under the guarantee, is entitled to claim the whol...

REEDLAW

Jul 13, 2021

Supreme Court’s ruling on Personal Guarantee provided immunity to the bankers...

Banks, armed with a Supreme Court ruling, may seek personal guarantees from tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to collect outstanding loans from delin...

REEDLAW