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RBI imposes monetary penalties on seven Cooperative banks for not following regulatory norms
The Reserve Bank of India (RBI) has, by an order last week, imposed monetary penalties on seven cooperative banks in different parts of...
Nov 30, 20221 min read


A Successful Bidder as a matter of right cannot lay a claim for an extension of time for the payment
NCLAT held that a Successful Bidder as a matter of right cannot lay a claim for an extension of time for the payment of the balance...
Nov 30, 20225 min read


IBBI releases Liquidation Processes ending with Order of Dissolution/Closure as on 31 October 2022
The Insolvency and Bankruptcy Board of India (IBBI) today released the list of Liquidation Processes ending with Order of Dissolution/...
Nov 29, 20221 min read


RBI to launch the first pilot for retail digital rupee (e₹-R) on December 1
The Reserve Bank of India (RBI) announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 01, 2022. It may be...
Nov 29, 20222 min read


IBBI amends fee structures payable to the Insolvency and Bankruptcy Board of India
The Insolvency and Bankruptcy Board of India (Board) has recently amended its following regulations, vide which it has effected revision...
Nov 29, 20221 min read


SEBI alerts RBI about Non-banking financial companies evergreening loans
The Securities and Exchange Board of India (SEBI) has informed the Reserve Bank of India (RBI) about instances of non-bank lenders...
Nov 28, 20221 min read


If maintenance of premises is liability of OC, it cannot be a ground to reject Section 9 Application
The NCLAT held that if maintenance of premises is the liability of the Operational Creditor in which there are certain lapses, these...
Nov 25, 20222 min read


HDFC Bank appoints Bhavesh Zaveri as Executive Director, Kaizad Bharucha as Deputy Managing Director
HDFC Bank, on Friday, announced the appointment of Bhavesh Zaveri as Executive Director and the re-designation of Executive Director...
Nov 25, 20222 min read


If the Secured Creditor takes action under SARFAESI Act, it would not bar the arbitration proceeding
The Delhi High Court held that If the Secured Creditor takes action under section 17 of the SARFAESI Act, it would not bar the...
Nov 24, 20226 min read


SC deprecate the practice of entertaining writs by High Courts without exhausting alternative remedy
Supreme Court deprecates the practice of entertaining writ Petitions by High Courts without exhausting alternative remedy. Supreme Court...
Nov 23, 202212 min read
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