RBI approves the voluntary amalgamation of Maratha Sahakari Bank with The Cosmos Cooperative Bank
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Maratha Sahakari Bank Ltd., Mumbai, Maharashtra with The Cosmos...
top of page
REEDNews
Latest News on the Banking, Insolvency and Bankruptcy laws
- 2 days ago
- 3 min
₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender: RBI
₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934 primarily to meet the immediate currency...
3 views
- 4 days ago
- 2 min
The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit
The Supreme Court Division Bench comprising Justices M.R. Shah and B.V. Nagarathna while hearing miscellaneous appeals on the issue of...
28 views
- 6 days ago
- 2 min
₹ 2,000 Banknotes Withdrawal: RBI Governor Urges Customers Not to Rush to Banks
In a recent update, RBI Governor Shaktikanta Das addressed the withdrawal of ₹ 2,000 Banknotes, reassuring the public that these notes...
7 views
- 6 days ago
- 2 min
₹ 2,000 banknotes exclusively be deposited in respective bank accounts: PIL filed in Delhi HC
In a Public Interest Litigation (PIL) filed by BJP leader and Advocate Ashwini Kumar Upadhyay, the Delhi High Court is presented with a...
30 views
- May 20
- 2 min
Controversy Erupts: Central Govt's Ordinance Challenges Supreme Court Ruling on Delhi Admn. Services
In a swift response to the Supreme Court's recent judgement granting legislative and executive power over administrative services in...
24 views
- May 19
- 2 min
Supreme Court welcomes new Judges: Justice Prashant Kumar Mishra & Advocate KV Viswanathan Sworn In
Justice Prashant Kumar Mishra and senior advocate KV Viswanathan were officially sworn in as Supreme Court judges in New Delhi, India....
13 views
- May 19
- 2 min
RBI decides to withdraw ₹ 2,000 denomination banknotes from circulation with immediate effect
The Reserve Bank of India (RBI), on May 19, decided to withdraw ₹2,000 denomination banknotes from circulation. However, the banknotes in...
70 views
- May 18
- 1 min
Surprise Cabinet Reshuffle: Arjun Ram Meghwal replaces Kiren Rijiju as Law Minister
In a surprising move, Arjun Ram Meghwal has been appointed as the new Law Minister, replacing Kiren Rijiju, who has been shifted to the...
42 views
- May 16
- 1 min
Reserve Bank launches the ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits
The Reserve Bank of India launched the ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits balances in savings / current...
7 views
- May 15
- 2 min
Any OTS Proposal which was submitted if it contains acknowledgement, the limitation will be extended
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
30 views
- May 14
- 4 min
If the bank refuses to extend credit facilities, the borrower has no option but to clear their dues
The Supreme Court bench comprising Justices Abhay S. Oka and Rajesh Bindal was hearing an appeal on Thursday and held that if the bank...
59 views
- May 5
- 2 min
Hire Purchase transaction in a legal sense is more complex with corresponding rights of the parties
The Supreme Court bench comprising Justices Sanjiv Khanna and M.M. Sundresh was recently hearing an appeal and held that the Hire...
7 views
- May 1
- 3 min
Complainant fails to establish the conditions of penal liability set out under Ss. 405, 420, 471 IPC
The Supreme Court bench comprising Justices Sanjiv Khanna and J.K. Maheshwari was recently hearing an Appeal and held that the...