SEBI alerts RBI about Non-banking financial companies evergreening loans
The Securities and Exchange Board of India (SEBI) has informed the Reserve Bank of India (RBI) about instances of non-bank lenders...
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- 4 days ago
- 2 min
If maintenance of premises is liability of OC, it cannot be a ground to reject Section 9 Application
The NCLAT held that if maintenance of premises is the liability of the Operational Creditor in which there are certain lapses, these...
- 4 days ago
- 2 min
HDFC Bank appoints Bhavesh Zaveri as Executive Director, Kaizad Bharucha as Deputy Managing Director
HDFC Bank, on Friday, announced the appointment of Bhavesh Zaveri as Executive Director and the re-designation of Executive Director...
- 5 days ago
- 6 min
If the Secured Creditor takes action under SARFAESI Act, it would not bar the arbitration proceeding
The Delhi High Court held that If the Secured Creditor takes action under section 17 of the SARFAESI Act, it would not bar the...
- 5 days ago
- 12 min
SC deprecate the practice of entertaining writs by High Courts without exhausting alternative remedy
Supreme Court deprecates the practice of entertaining writ Petitions by High Courts without exhausting alternative remedy. Supreme Court...
- 6 days ago
- 8 min
The Insolvency and Bankruptcy Code is structured around timebound resolution of the corporate debtor
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (Board) noted that the Code is structured around the...
- 7 days ago
- 4 min
Presumption u/s 139 N I Act includes a presumption that there exists a legally enforceable liability
Supreme Court held that the presumption under Section 139 of the Negotiable Instruments Act, 1881, includes a presumption that there...
- Nov 21
- 1 min
RBI imposes monetary penalty on the Parwanoo Urban Co-operative Bank for contravention of its norms
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh...
- Nov 21
- 2 min
Prayer seeking reference of disputes to arbitration when it is subject matter of DRT is misconceived
Delhi High Court held that Petitioner’s prayer seeking reference of disputes to arbitration, especially when such disputes were already...
- Nov 21
- 1 min
ACC appoints ten Executive Directors for public sector banks
The Appointments Committee of the Cabinet (ACC) has approved the appointment of ten Executive Directors in various Public Sector Banks...