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NSIC Signs MoUs with Private Sector Banks to Boost MSME Credit Access under Credit Facilitation Program
NSIC signed MoUs with Axis Bank, IndusInd Bank, Karnataka Bank, AU Small Finance Bank, and Dhanlaxmi Bank on 11 August 2025 under its MSME Credit Facilitation Program. The collaboration is expected to expand financial inclusion, strengthen credit accessibility, and foster growth in the MSME sector.
Aug 162 min read
RBI Introduces Real-Time Cheque Clearing: Settlement Within Hours from October 4, 2025
The RBI announced a major reform in cheque settlement, introducing real-time clearance from October 4, 2025. The new system will reduce settlement to hours through a phased rollout, ensuring faster liquidity and modernizing India’s banking system.
Aug 162 min read
Director Lacks Locus Post-Liquidation; MSME Framework Cannot Override SARFAESI and IBC: Bombay High Court
The Bombay High Court ruled that a director of a company under liquidation has no legal standing to challenge recovery actions, and clarified that MSME revival schemes cannot override statutory frameworks under SARFAESI and the IBC.
Aug 64 min read
Supreme Court Clarifies Territorial Jurisdiction under NI Act: Complaint Maintainable Where Payee Holds Bank Account
REEDLAW Legal News Network | 2 August 2025 | Case Citation - REEDLAW 2025 SC 07014 REEDLAW Legal News Network  reports that the...
Aug 23 min read
Ministry of Finance Invites Applications for Chairperson, DRAT Delhi: Eligibility, Tenure, and Selection Guidelines Notified
REEDLAW Legal News Network | 1 August 2025 | 🔗 Find Shareable Link at the End REEDLAW Legal News Network  reports that the Ministry...
Aug 12 min read
Cash Loan Above ₹20K in Violation of Income Tax Act Not a Legally Enforceable Debt Under NI Act: Kerala High Court Quashes Cheque Bounce Conviction
REEDLAW Legal News Network | 29 July 2025 | Case Citation - REEDLAW 2025 Ker 07017 REEDLAW Legal News Network  reports that the...
Jul 304 min read
Supreme Court Holds Acknowledgement of Partial Debt Doesn’t Extend Limitation for Entire Claim
The Supreme Court held that acknowledgement of a partial debt does not extend the period of limitation for the entire claim under Section...
Jul 283 min read
Complaint Can Be Amended Post-Cognizance If No Prejudice Is Caused: Supreme Court Clarifies NI Act Position
The Supreme Court clarified that a complaint under the Negotiable Instruments Act can be amended even after cognizance has been taken,...
Jul 283 min read
SC Clarifies Section 18 of MSMED Act: Limitation Act Applies to Arbitration, Not Conciliation, in Time-Barred Claims
The Supreme Court clarified that under Section 18 of the MSMED Act, the Limitation Act applies to arbitration proceedings but not to...
Jul 244 min read
Mortgagor’s Right to Redeem Usufructuary Mortgage Not Time-Barred, Continues Until Decree of Sale
The High Court held that the mortgagor’s right to redeem a usufructuary mortgage is not time-barred and continues until a decree of sale...
Jul 223 min read
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