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RBI Proposes Enhanced UPI Limits and New Measures to Strengthen Digital Payments and Lending Ecosystem
The Reserve Bank of India (RBI) has recently unveiled a series of proposals aimed at advancing the Unified Payments Interface (UPI)...
Aug 11, 20242 min read


Supreme Court Clarifies Burden of Proof and Presumption of Liability Under Section 139 of the Negotiable Instruments Act
Supreme Court Clarifies Burden of Proof and Presumption of Liability Under Section 139 of the Negotiable Instruments Act. The Supreme...
Aug 10, 20242 min read


RBI Mandates Fortnightly Reporting of Credit Information: Enhanced Timeliness and Compliance Guidelines Effective January 1, 2025
In line with the Reserve Bank of India’s (RBI) updated guidelines, the frequency of credit information reporting by Credit Institutions...
Aug 9, 20242 min read


Winners Announced for Reserve Bank of India’s Financial Literacy Ideathon 2024
On August 5, 2024, the Reserve Bank of India (RBI) concluded its Financial Literacy Ideathon, a key event in its Financial Literacy Week...
Aug 7, 20241 min read


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
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