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Sole Proprietor can be prosecuted under section 138 NI Act, without arraying the proprietorship firm
The Punjab & Haryana High Court held that non-arraying of the proprietorship firm/concern is not an impediment in proceeding against the...
Dec 9, 20224 min read
Regulation 26(2) of the CIRP Regulations being a directory cannot override the power of the CoC
The NCLAT Delhi held that Regulation 26(2) of the CIRP Regulations, 2016 being a directory cannot override the power of the CoC which can...
Dec 8, 20224 min read
SC denies entertaining SLP when the High Court has left open the question of "unjust enrichment"
Supreme Court denies entertaining SLP when the High Court has left open the question of "unjust enrichment". The Supreme Court Bench...
Dec 8, 20221 min read
RBI hikes Bank Rate by 35 basis points from 6.15 percent to 6.50 percent
The Reserve Bank of India (RBI) is revising the Bank Rate upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate...
Dec 8, 20221 min read
Centre notifies the appointment of judicial and technical members to various NCLT benches
The Ministry of Corporate Affairs on Friday notified the appointment of five judicial and five technical members to various NCLT benches....
Dec 6, 20222 min read
Kerala HC stays Centre's Notification on transferring Applications above ₹100 Crores to DRT Chennai
Kerala High Court stays Centre's Notification on transferring Applications above ₹100 Crores to DRT Chennai. The Kerala High Court on...
Dec 5, 20222 min read
RBI is committed to strengthening prudential norms in Regional Rural Banks
RBI imposes a monetary penalty on Arunachal Pradesh Rural Bank as it committed to strengthening prudential norms in Regional Rural Banks....
Dec 5, 20222 min read
NCLT doesn't have power to declare as illegal any of the provisions of the IBC 2016 or Regulations
The Delhi High Court ruled that the NCLT doesn't have the power to declare as illegal any of the provisions of the IBC 2016 Regulations....
Dec 5, 20222 min read
RBI is revising the regulatory framework for Urban Co-operative Banks (UCBs)
The Reserve Bank of India (RBI) revised Regulatory Framework for Urban Co-operative Banks (UCBs) and issued detailed guidelines with...
Dec 2, 20223 min read
Bank holidays in December 2022: Full list of days when banks will be closed
As per the Reserve Bank of India’s (RBI) holiday calendar, banks in India will remain closed for 14 days in the month of December this...
Dec 1, 20221 min read
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