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Statutory Arbitration Conducted By The Facilitation Council Under the MSME Development Act Cannot Supersede The Arbitration Agreement
The Calcutta High Court held that the Statutory Arbitration Conducted By The Facilitation Council Under the MSMED Act Cannot Supersede...
Mar 28, 20242 min read
Section 138 NI Act Proceedings Do Not Bar Arbitration Initiation; Both Are Independent Paths For Dispute Resolution
The Single-judge bench of Madhya Pradesh High Court (Gwalior Bench) Justice Anand Pathak held that the proceedings under Section 138 of...
Mar 26, 20242 min read
Understanding and Leveraging the Recent RBI Guidelines for Credit Card Billing Cycle Adjustments
In the realm of personal finance, few things are as crucial as managing credit card payments effectively. Late payments not only attract...
Mar 24, 20243 min read
Arvind Panagariya Urges Inclusion of Bank Privatisation in Modi 3.0 Agenda
Dr. Arvind Panagariya, Chairman of India's 16th Finance Commission and former Vice Chairman of NITI Aayog, expressed support for the...
Mar 23, 20242 min read
MSME Council does not have the power to adjudicate the challenges to the maintainability of a reference at the conciliation stage
The Single-judge bench of the Orissa High Court held that the MSME Facilitation Council does not have the power to adjudicate the...
Mar 23, 20242 min read
Third-Party Cannot Be Held Liable Under A Contract Unless They Are A Direct Party To It
The NCLAT Held that the third party cannot be held liable under a contract unless they are a direct party to it. The National Company Law...
Mar 23, 20243 min read
Bank is Entitled to Proceed under the SARFAESI Act for the Recovery of Loan, as the Liability of the Guarantor is Joint and Several with the Principal Debtor
The Supreme Court held that the bank is entitled to proceed under the SARFAESI Act for recovery of the loan, as the liability of the...
Mar 22, 20242 min read
Granting Interim Compensation in Cheque Dishonour Cases is a directory, not mandatory
The Supreme Court observed that granting Interim Compensation in Cheque Dishonour Cases is a directory, not mandatory. The Supreme Court...
Mar 20, 20242 min read
Government Considering Amendments to SARFAESI and DRT Laws, Proposing Legal Validity for E-Notices
The Finance Ministry conducted thorough discussions with senior bank officials and Debts Recovery Tribunals (DRTs) to improve the...
Mar 20, 20242 min read
An arbitration clause in the contract prevents arbitration until alternative remedies are made by the government
Delhi High Court observed that an arbitration clause in the contract prevents arbitration until alternative remedies are made by the...
Mar 19, 20242 min read
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