The Mediation Act 2023 receives the assent of the President
REEDNews
Latest News on the Banking, Insolvency and Bankruptcy laws




- Aug 4
- 2 min
Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction

- Jun 3
- 4 min
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC


- May 30
- 1 min
Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues


- May 27
- 1 min
RBI approves the voluntary amalgamation of Maratha Sahakari Bank with The Cosmos Cooperative Bank


- May 26
- 3 min
₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender: RBI

- May 23
- 2 min
The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit


- May 22
- 2 min
₹ 2,000 Banknotes Withdrawal: RBI Governor Urges Customers Not to Rush to Banks


- May 22
- 2 min
₹ 2,000 banknotes exclusively be deposited in respective bank accounts: PIL filed in Delhi HC

- May 20
- 2 min
Controversy Erupts: Central Govt's Ordinance Challenges Supreme Court Ruling on Delhi Admn. Services


- May 19
- 2 min
Supreme Court welcomes new Judges: Justice Prashant Kumar Mishra & Advocate KV Viswanathan Sworn In


- May 19
- 2 min
RBI decides to withdraw ₹ 2,000 denomination banknotes from circulation with immediate effect


- May 18
- 1 min
Surprise Cabinet Reshuffle: Arjun Ram Meghwal replaces Kiren Rijiju as Law Minister


- May 16
- 1 min
Reserve Bank launches the ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits


- May 15
- 2 min
Any OTS Proposal which was submitted if it contains acknowledgement, the limitation will be extended


- May 14
- 4 min
If the bank refuses to extend credit facilities, the borrower has no option but to clear their dues

- May 5
- 2 min
Hire Purchase transaction in a legal sense is more complex with corresponding rights of the parties

- May 1
- 3 min
Complainant fails to establish the conditions of penal liability set out under Ss. 405, 420, 471 IPC


- Apr 29
- 3 min
Without there being any demand to the Guarantor, the period of limitation cannot be commenced

- Apr 28
- 4 min
The jurisdiction of civil court is limited in respect of matters in which a DRT or DRAT is empowered


- Apr 28
- 2 min
Bank could not produce any evidence to prove that shows acknowledgement signed by the Appellant

- Apr 27
- 3 min
Complainant fails to discharge his burden to prove that there was a deficiency in banking services


- Apr 26
- 3 min
NCLAT directs to refund of the amount of preferential transactions made by the Corporate Debtor

- Apr 24
- 4 min
Bank cannot forfeit earnest money deposited by the successful bidder if some facts are hidden


- Apr 22
- 4 min
Disputes relating to the agreement to sale cannot be examined in a proceeding under the IBC: NCLAT


- Feb 17
- 3 min
Every effort to be made to revive the Corporate Debtor, liquidation should be the last resort: NCLAT


- Feb 16
- 1 min
IBBI announces final panel of Insolvency Professionals for the period of 1 January to 30 June 2023


- Feb 10
- 2 min
NCLAT New Delhi dismisses the appeal filed by the IBBI as it is misconceived and not maintainable

- Feb 2
- 2 min
The appellant cannot be convicted as the settlement was nothing but a compounding of the offence: SC


- Feb 1
- 3 min
Section 9 Application cannot be accepted if the dispute raised by the CD is not a moonshine dispute

- Feb 1
- 2 min
National Company Law Tribunal prescribes Dress Code for the Court's members and practitioners


- Feb 1
- 2 min
Any letter by the CD mentioning dues of loan amount has to be treated as an acknowledgement of dues

- Jan 24
- 3 min
SC: The defence raised by the appellant satisfies the standard of “preponderance of probability”


- Jan 24
- 2 min
There should be a cadre of insolvency professionals so that they are accountable to a body


- Jan 20
- 2 min
Insolvency and Bankruptcy Board of India organises an Insolvency Professionals Conclave in Chennai


- Jan 19
- 3 min
An approved scheme of merger has statutory force and binding on all stakeholders including creditors


- Jan 13
- 2 min
Discretion is vested with the Adjudicating Authority to admit or not admit the section 7 Application


- Jan 12
- 4 min
NCLAT Delhi: The initiation of CIRP itself has been found to be tainted and faulty


- Jan 10
- 2 min
Removal of a Resolution Professional by the Adjudicating Authority cannot be challenged: NCLAT Delhi


- Jan 10
- 1 min
IBBI finalises the panel of Insolvency Professionals for the period of January 1 to June 30, 2023


- Jan 10
- 1 min
IBBI announces provisional list of Insolvency Professionals for appointment as IRP, RP & Liquidator


- Jan 5
- 4 min
Sec 9 IBC Application to be allowed to continue as it would yield proper insolvency resolution of CD


- Dec 23, 2022
- 4 min
NCLAT set aside the order of NCLT and directed AA to pass an order of admission of Sec 9 Application


- Dec 23, 2022
- 3 min
A person cannot be found guilty of offence u/s 138 NI Act, merely being a signatory to the cheque


- Dec 22, 2022
- 1 min
IBBI provides "Proforma for Reporting the Liquidator’s Decision different from the Advice of SCC


- Dec 21, 2022
- 2 min
No injunction can be granted by any civil court in respect of any action taken u/s 430 Companies Act

- Dec 20, 2022
- 2 min
Govt to amend Insolvency & Bankruptcy Code, 2016 to reduce the time taken for the resolution process


- Dec 20, 2022
- 7 min
Petitioner meets sufficient compliance with Section 21 of Arbitration and Conciliation Act: Delhi HC


- Dec 18, 2022
- 2 min
e-filing of documents would duly be taken into consideration for the purpose of limitation: Delhi HC


- Dec 18, 2022
- 1 min
RBI Governor interacts with FinTechs and Industry Associations


- Sep 22
- 2 min
The Mediation Act 2023 receives the assent of the President


- Aug 4
- 2 min
Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction


- Jul 21
- 2 min
Amount Claimed in the Demand Notice Under SARFAESI Act is relevant for determining the pre-deposit


- Jun 11
- 3 min
If the SARFAESI Auction Sale is Not Confirmed, the Forfeiture of the Advance Amount is Not Valid


- Jun 6
- 3 min
High Court Prohibits Banks & FIs From Forcefully Seizing Vehicles Without Following Legal Procedures


- Jun 6
- 2 min
The auction purchaser is responsible for settling the electricity dues of the previous owner: All HC

- Jun 3
- 4 min
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC


- Jun 3
- 2 min
DRT Order Is Set Aside As No violation of Rule 8(6) & 9(1) Security Interest (E) Rules is discovered


- Jun 2
- 1 min
Secured Creditor fails to produce evidence of compliance with Security Interest (E) Rules 8(6), 9(1)

- Jun 1
- 3 min
SC Rules Auction Proceedings Conducted by Secured Creditor as Invalid and Orders For a Fresh Auction


- May 31
- 2 min
SARFAESI Act: A Tenant under a registered lease, cannot be dispossessed by the Bank/Secured Creditor


- May 31
- 2 min
Petitioner's challenge to the order passed under Section 14 of the SARFAESI Act is not maintainable


- May 31
- 2 min
RDB Act S.21: Complete Waiver of Pre-Deposit without sufficient reason must be quashed and set aside

- May 30
- 2 min
High Courts Should Refrain From Interfering in Commercial Matters Governed by the SARFAESI Act: SC


- May 30
- 1 min
Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues


- May 29
- 1 min
Granting the benefit of One Time Settlement scheme should be left to the commercial wisdom of bank


- May 28
- 1 min
Plaintiff's Attempt to File a Civil Suit to Defeat the Proceeding under SARFAESI Act Not Permissible


- May 28
- 1 min
Appellant as a purchaser had the right to redeem the mortgage and retrieve title deeds from the bank


- May 27
- 2 min
Declaring the accounts as NPA is unreasonable and in violation of RBI Circulars with statutory force


- May 27
- 3 min
Sale proceeds from the auction of secured assets cannot be used for Pre-deposit purposes


- May 26
- 2 min
Provisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurd


- May 25
- 1 min
Dismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustified


- May 25
- 2 min
It is necessary to exhaust the statutory remedy at the DRT before filing a writ petition in the HC


- May 25
- 2 min
Grant of unconditional interim injunction is improper and contrary to the legislative policy: Bom HC


- May 24
- 4 min
Once a sale certificate is issued, the sale cannot be set aside unless on the ground of fraud

- May 23
- 2 min
The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit


- May 22
- 2 min
₹ 2,000 Banknotes Withdrawal: RBI Governor Urges Customers Not to Rush to Banks


- May 22
- 2 min
₹ 2,000 banknotes exclusively be deposited in respective bank accounts: PIL filed in Delhi HC

- May 20
- 2 min
Controversy Erupts: Central Govt's Ordinance Challenges Supreme Court Ruling on Delhi Admn. Services