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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 7, 20254 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 6, 20252 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 5, 20253 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 5, 20252 min read
RBI’s Deputy Governor Pushes for Real-Time Credit Reporting and Standardised Borrower IDs to Deepen Trust and Democratise Credit Access
RBI Deputy Governor M. Rajeshwar Rao urged Credit Information Companies to adopt real-time credit data reporting and implement...
Jul 4, 20252 min read
Bombay High Court: MSME Director Lacks Locus to Challenge Recovery; SARFAESI and IBC Actions Stand Despite Revival Framework Claims
The Bombay High Court held that the director of an MSME lacks the legal locus to challenge recovery actions and upheld the proceedings...
Jun 28, 20253 min read
Interest Subsidy from RBI Not Taxable under Interest Tax Act: High Court Rules in Favour of Assessee
The Bombay High Court ruled in favour of the Assessee, holding that the interest subsidy received from the Reserve Bank of India under...
Jun 25, 20253 min read
Bank Liable for Encashment of Forged Cheques: High Court Sets Aside Trial Court’s Dismissal, Upholds Customer’s Claim for Negligent Payment
The Kerala High Court held the Bank liable for encashment of cheques bearing forged signatures and set aside the trial court’s dismissal...
Jun 20, 20253 min read
Mere Professional Engagement by Party’s Law Firm Does Not Disqualify Arbitrator Under Schedule VII: High Court
The High Court held that mere professional engagement of the arbitrator by the party’s law firm does not amount to disqualification under...
Jun 15, 20253 min read
Supreme Court Restores NI Act Proceedings, Holds Unsubstantiated Retirement No Shield from Partner Liability
The Supreme Court restored proceedings under the Negotiable Instruments Act, holding that an unsubstantiated claim of retirement does not...
Jun 14, 20253 min read
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