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The Insolvency and Bankruptcy Code is structured around timebound resolution of the corporate debtor
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (Board) noted that the Code is structured around the...
Nov 22, 20228 min read


Presumption u/s 139 N I Act includes a presumption that there exists a legally enforceable liability
Supreme Court held that the presumption under Section 139 of the Negotiable Instruments Act, 1881, includes a presumption that there...
Nov 22, 20224 min read


RBI imposes monetary penalty on the Parwanoo Urban Co-operative Bank for contravention of its norms
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh...
Nov 21, 20221 min read


Prayer seeking reference of disputes to arbitration when it is subject matter of DRT is misconceived
Delhi High Court held that Petitioner’s prayer seeking reference of disputes to arbitration, especially when such disputes were already...
Nov 21, 20222 min read


ACC appoints ten Executive Directors for public sector banks
The Appointments Committee of the Cabinet (ACC) has approved the appointment of ten Executive Directors in various Public Sector Banks...
Nov 21, 20221 min read


RBI announces premature redemption of Sovereign Gold Bond 2017-18 Series VIII due on 19 November '22
The Reserve Bank of India (RBI) announces the redemption price for premature redemption due on November 19, 2022 (November 20, 2022,...
Nov 21, 20221 min read


The onus comes back to the CD to ensure that the amount is paid to the Operational Creditor: NCLAT
The NCLAT Chennai held that the onus/liability comes back to the Corporate Debtor to ensure that amount is paid to the Operational...
Nov 21, 20224 min read


Bombay HC stays Centre's Notification limiting jurisdiction of cases above Rs 100 Crores to 3 DRTs
Bombay High stays the Centre's Notification limiting the jurisdiction of cases above Rs. 100 Crores to 3 Debts Recovery Tribunals. The...
Nov 20, 20222 min read


If the members refuse to participate in the CoC meeting, RP has no option but to approach the AA
The NCLAT held that If the CoC members having a majority voting share refuse to participate in the CoC meeting thereby causing a...
Nov 19, 20224 min read


RBI assigns Lead Bank responsibility for the formation of new districts in the state of Nagaland
The Government of Nagaland has notified the formation of four new districts in the state of Nagaland vide Gazette Notifications No....
Nov 19, 20221 min read
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