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Aug 23, 20243 min read
IBBI Invites Public Comments on Proposed Amendments to MSME Registration and Disclosure Framework under CIRP
The IBBI invites public comments on the proposed amendments to the MSME registration and disclosure framework under the CIRP. The...
Aug 23, 20243 min read
IBC provisions prevail over the SARFAESI Act, and the interim moratorium under Section 96 affects SARFAESI proceedings initiated post-moratorium
High Court held that IBC provisions prevail over the SARFAESI Act and that the interim moratorium under Section 96 affects SARFAESI...
Aug 22, 20241 min read
CBDT Chairman Assures Timely Overhaul of Income Tax Act Amid Successful Faceless Regime Rollout
The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has affirmed that the comprehensive review of the Income Tax Act of 1961...
Aug 22, 20242 min read
Supreme Court Seeks Nationwide Reforms for Bar Associations: Nodal Counsel Appointed to Oversee Suggestions and Enhancements
On August 21, 2024, the Supreme Court of India issued a significant directive aimed at reforming the functioning of Bar Associations...
Aug 22, 20242 min read
Government Appoints Nine Additional Judges as Permanent Members of Allahabad High Court
On August 21, 2024, the Government of India issued a significant notification through the Ministry of Law and Justice, confirming the...
Aug 21, 20241 min read
RBI Launches Nationwide RBI90Quiz for Undergraduates Students to Mark 90 Years of Service
The Reserve Bank of India (RBI) has introduced the RBI90Quiz, a nationwide quiz competition aimed at undergraduate students, to...
Aug 20, 20242 min read
Once a Bank Accepts Payment Under a Settlement Scheme (OTS), It Cannot Refuse to Release Mortgaged Property Despite Minor Non-Compliance
High Court held that once a bank accepts payment under a settlement scheme (OTS), it cannot refuse to release mortgaged property despite...
Aug 19, 20243 min read
Admission of Cheque Execution Overrides Dispute on Loan Interest Rate as Defence
Supreme Court held that once the execution of the cheque Is admitted, the dispute regarding the interest rate of the loan has no defence....
Aug 19, 20242 min read
Positive Pay System (PPS): Enhancing Security in Cheque Transactions
The Positive Pay System (PPS) is an essential security measure implemented by banks to protect against cheque fraud. This system involves...
Aug 19, 20242 min read
Justice BR Gavai Inaugurates India's First Digital Court for NI Act Cases in Kerala, Highlighting Technology's Role in Making Justice More Accessible
On August 16, 2024, Justice BR Gavai inaugurated several innovative digital initiatives at the Kerala High Court, marking a significant...
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