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A legal representative requires explicit client authorization to withdraw an application; any withdrawal without such authority is invalid
A legal representative required explicit client authorization to withdraw an application; any withdrawal made without such authority was...
Sep 24, 20242 min read


IBBI Announces Results of the 5th National Online Quiz on Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Board of India (IBBI) announced the results of the 5th National Online Quiz on the Insolvency and...
Sep 23, 20241 min read


RBI Imposes ₹1 Crore Penalty on HDFC Bank for Regulatory Non-Compliance
On September 3, 2024, the Reserve Bank of India (RBI) issued an order imposing a monetary penalty of ₹1 crore on HDFC Bank Limited for...
Sep 11, 20242 min read


Government Announces Recruitment for Recovery Officers Across Debts Recovery Tribunals in Multiple Locations
The Ministry of Finance, Department of Financial Services, has announced a recruitment drive for the position of Recovery Officer in...
Sep 8, 20241 min read


RBI's 610th Central Board Meeting Reviews Economic Outlook and Operational Performance
The 610th meeting of the Central Board of Directors of the Reserve Bank of India (RBI) took place in Mumbai, chaired by Governor Shri...
Sep 5, 20241 min read


SBI Chairman CS Setty on Advancing MSME Credit Access and Financial System Evolution
On September 2, CS Setty, who recently assumed the role of Chairman of the State Bank of India (SBI), provided insights into the current...
Sep 4, 20242 min read


RBI August 2024 Update: Modest Rise in Lending and Deposit Rates Reflects Gradual Adjustment in Banking Sector
In August 2024, the Reserve Bank of India (RBI) released updated data on lending and deposit rates for Scheduled Commercial Banks (SCBs),...
Sep 3, 20242 min read


NCLAT Upholds Insolvency Proceedings, Affirming that Financial Disputes Fall Within the Jurisdiction of Insolvency Laws Despite Civil Court Injunctions
The NCLAT upheld the insolvency proceedings, affirming that financial disputes fall within the jurisdiction of insolvency laws, even in...
Sep 2, 20243 min read


High Court Dismisses Contempt Petition, Finding No Willful Disobedience in Context of Insolvency and Arbitration Compliance
The High Court dismissed the contempt petition, finding no willful disobedience in the context of compliance with insolvency and...
Aug 31, 20243 min read


High Court Overrules Lookout Circular (LOC) for Loan Default: Reinforces Fundamental Right to Travel
The High Court overruled the Lookout Circular issued due to loan default, reinforcing the fundamental right to travel. The Delhi High...
Aug 29, 20242 min read
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