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Government Appoints Nine Additional Judges as Permanent Members of Allahabad High Court
On August 21, 2024, the Government of India issued a significant notification through the Ministry of Law and Justice, confirming the...
Aug 22, 20242 min read


Public sector banks cannot arbitrarily withdraw an accepted One-Time Settlement (OTS) once the agreed amount has been fully paid
The High Court held that a public sector bank cannot arbitrarily withdraw an accepted One-Time Settlement (OTS) once the agreed amount...
Aug 21, 20243 min read


The Limitation Against a Personal Guarantor Runs From the date the Guarantee is Invoked, Not From the Date of Default by the Principal Borrower
NCLT held that the limitation against a personal guarantor runs from the date the guarantee is invoked, not from the date of default by...
Aug 21, 20242 min read


NCLAT Confirms SARFAESI Act Auction of Subsidiary Assets Doesn't Breach IBC Moratorium: Jurisdictional Clarity Affirmed
The NCLAT has affirmed that the auction of a subsidiary's assets under the SARFAESI Act does not violate Section 14(1)(d) of the IBC,...
Aug 21, 20243 min read


RBI Launches Nationwide RBI90Quiz for Undergraduates Students to Mark 90 Years of Service
The Reserve Bank of India (RBI) has introduced the RBI90Quiz, a nationwide quiz competition aimed at undergraduate students, to...
Aug 21, 20241 min read


Once a Bank Accepts Payment Under a Settlement Scheme (OTS), It Cannot Refuse to Release Mortgaged Property Despite Minor Non-Compliance
High Court held that once a bank accepts payment under a settlement scheme (OTS), it cannot refuse to release mortgaged property despite...
Aug 20, 20242 min read


Admission of Cheque Execution Overrides Dispute on Loan Interest Rate as Defence
Supreme Court held that once the execution of the cheque Is admitted, the dispute regarding the interest rate of the loan has no defence....
Aug 19, 20243 min read


IBBI Reports Closure of Liquidation Processes with Dissolution Orders as of March 31, 2024
The Insolvency and Bankruptcy Board of India (IBBI) Reported Closure of Liquidation Processes with Dissolution Orders as of March 31,...
Aug 19, 20242 min read


Positive Pay System (PPS): Enhancing Security in Cheque Transactions
The Positive Pay System (PPS) is an essential security measure implemented by banks to protect against cheque fraud. This system involves...
Aug 19, 20242 min read


Justice BR Gavai Inaugurates India's First Digital Court for NI Act Cases in Kerala, Highlighting Technology's Role in Making Justice More Accessible
On August 16, 2024, Justice BR Gavai inaugurated several innovative digital initiatives at the Kerala High Court, marking a significant...
Aug 19, 20242 min read
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