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SC Clarifies: Partnership Firm Not Distinct Entity; Partners’ Joint and Personal Liability Upheld for Cheque Dishonour
The Supreme Court clarified that a partnership firm is not a distinct legal entity and upheld that partners bear joint and personal...
Jul 213 min read


Recovery Suit Against Bank for Fraudulent Withdrawals from Current Account Maintainable Before Commercial Court: Karnataka High Court
The High Court held that a recovery suit against the bank for fraudulent withdrawals from a current account is maintainable before the...
Jul 172 min read


“Go to RBI”: Supreme Court Declines PIL Seeking Probe into Fraudulent Loan Transactions
The Supreme Court declined to entertain the public interest litigation seeking a probe into fraudulent loan transactions, directing the...
Jul 152 min read


Adverse CIBIL Report Valid Ground to Cancel Bank Appointment, Holds Madras High Court
The Madras High Court held that an adverse CIBIL report and a poor history of loan repayment constitute valid grounds for cancellation of...
Jul 113 min read


Bank Cannot Insist on Aadhaar for Opening Account Post-Puttaswamy Verdict: Bombay High Court Awards ₹50K Compensation
The Bombay High Court held that a bank cannot insist on an Aadhaar card for opening an account after the Supreme Court’s verdict in...
Jul 93 min read


Dishonour of Cheques During CIRP and Liquidation Not Attributable to Former Directors: Bombay High Court Quashes Criminal Proceedings
Bombay High Court held that dishonour of cheques during the Corporate Insolvency Resolution Process and liquidation cannot be attributed...
Jul 73 min read


Insolvency and Bankruptcy Code Cannot Override PMLA; ED’s Asset Attachment to Remain, Rules NCLAT
The National Company Law Appellate Tribunal (NCLAT) has ruled that the Insolvency and Bankruptcy Code (IBC) cannot override the...
Jul 74 min read


SC Seeks Immediate Repossession of CJI Bungalow from Justice Chandrachud After Extended Stay Beyond Permissible Limit
Supreme Court asks Centre to reclaim official CJI residence from Justice D.Y. Chandrachud, citing overstay beyond permitted...
Jul 62 min read


SC Declines to Quash FIR Against HDFC Bank CEO: Lilavati Trust Alleges Bribery and Fraud in Governance Dispute
SC refuses to quash FIR against HDFC Bank CEO in Lilavati Trust bribery case, citing upcoming July 14 hearing before Bombay High Court....
Jul 53 min read


RBI Bans Pre-Payment Charges for MSEs and Individuals on Floating Rate Loans: A Major Push Towards Fair Lending and Borrower Mobility
In a major reform, the RBI eliminates pre-payment penalties on select floating rate loans for individuals and MSEs, empowering borrowers...
Jul 52 min read
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