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Supreme Court Asks RBI Whether Banks Should Notify Borrowers of Interest Rate Changes and Provide Annual Loan Statements
Supreme Court asked RBI whether banks should notify borrowers of interest rate changes and provide Annual Loan Statements. The Supreme...
Aug 7, 20242 min read


Directors Cannot Be Held Vicariously Liable Without Specific Allegations of Their Responsibility for the Company's Business
Supreme Court held that the directors cannot be held vicariously liable without specific allegations of their responsibility for the...
Aug 4, 20242 min read


Supreme Court Issues Contempt Notice to Vishakhapatnam Bar Association for Hindering Debts Recovery Tribunal Proceedings
On July 26, 2024, the Supreme Court of India issued a contempt notice to the Vishakhapatnam Bar Association for its role in obstructing...
Aug 3, 20242 min read


RBI Provides Update on Withdrawal of ₹2000 Denomination Banknotes
On May 19, 2023, the Reserve Bank of India (RBI) announced the phased withdrawal of ₹2000 denomination banknotes from circulation. The...
Aug 3, 20241 min read


Failure of a One Time Settlement (OTS) cannot reset the default date and does not preclude proceedings under Section 7 of the IBC
NCLAT held that failure of a One-Time Settlement (OTS) cannot reset the default date and does not preclude proceedings under Section 7 of...
Jul 29, 20242 min read


The drawer who issued the cheque is liable for interim compensation, not authorized signatories or company directors
Supreme Court held that the drawer who issued the cheque is liable for interim compensation, not authorized signatories or company...
Jul 27, 20242 min read


IBBI in association with NLUO and NeSL Organizing a Two-day Conference on Finance, Economics, Banking, and Insolvency Laws
The Insolvency and Bankruptcy Board of India (IBBI), in association with the National Law University, Odisha (NLUO) and National...
Jul 23, 20242 min read


Supreme Court: Dishonouring cheques is now a regulatory offence, and courts should encourage the compounding of offences under the NI Act
Supreme Court observed that dishonouring cheques is now a regulatory offence, and courts should encourage compounding of offences. The...
Jul 22, 20244 min read


Byju's Crisis Deepens: NCLT Admits BCCI Plea Over ₹158 Crore Default
Byju's, the prominent edutech firm founded by Byju Raveendran in 2011 and valued at $22 billion in 2022, faces a significant challenge as...
Jul 17, 20242 min read


IBBI Chairperson Calls for Enhanced Creditor Recovery Strategies to Boost Economic Impact
In the bustling financial hub of Mumbai, a significant call for enhanced recovery measures was made by the Chairperson of the Insolvency...
Jul 16, 20242 min read
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