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NSIC Signs MoUs with Private Sector Banks to Boost MSME Credit Access under Credit Facilitation Program
NSIC signed MoUs with Axis Bank, IndusInd Bank, Karnataka Bank, AU Small Finance Bank, and Dhanlaxmi Bank on 11 August 2025 under its MSME Credit Facilitation Program. The collaboration is expected to expand financial inclusion, strengthen credit accessibility, and foster growth in the MSME sector.
21 hours ago2 min read
RBI Introduces Real-Time Cheque Clearing: Settlement Within Hours from October 4, 2025
The RBI announced a major reform in cheque settlement, introducing real-time clearance from October 4, 2025. The new system will reduce settlement to hours through a phased rollout, ensuring faster liquidity and modernizing India’s banking system.
1 day ago2 min read
Bombay High Court: DRT Has Exclusive Jurisdiction Over Recovery Suits After NBFC-Bank Amalgamation, Purposive Interpretation of S.31 Applied
The Bombay High Court held that, after the amalgamation of a non-banking financial company with a bank, the Debt Recovery Tribunal has exclusive jurisdiction over pending recovery suits, applying a purposive interpretation of Section 31 of the RDB Act.
2 days ago3 min read
Borrower’s Subsequent Death Does Not Mandate Fresh Notice to Legal Heirs Under SARFAESI If Section 13(2) Notice Served in Lifetime: High Court
J&K&L High Court clarifies that once a valid SARFAESI Section 13(2) notice is served during the borrower’s lifetime, no fresh notice is required to legal heirs before taking possession under Section 14.
6 days ago3 min read
Director Lacks Locus Post-Liquidation; MSME Framework Cannot Override SARFAESI and IBC: Bombay High Court
The Bombay High Court ruled that a director of a company under liquidation has no legal standing to challenge recovery actions, and clarified that MSME revival schemes cannot override statutory frameworks under SARFAESI and the IBC.
Aug 64 min read
DRAT: DRT Cannot Dismiss Entire Securitisation Application if Challenge to Sale Notices is Within Limitation
DRAT Kolkata clarified that a Securitisation Application cannot be wholly dismissed if timely challenges to SARFAESI sale notices exist, even if some notices are time-barred.
Aug 53 min read
Legal Heirs of Deceased Guarantor Must Comply with Section 21 Pre-Deposit to Challenge DRT Recovery Proceedings: Delhi High Court
The Delhi High Court ruled that legal heirs of a deceased guarantor must mandatorily make the Section 21 pre-deposit under the RDB Act before appealing DRT recovery orders, even if they weren’t parties to the original case.
Aug 43 min read
Ministry of Finance Invites Applications for Chairperson, DRAT Delhi: Eligibility, Tenure, and Selection Guidelines Notified
REEDLAW Legal News Network | 1 August 2025 | 🔗 Find Shareable Link at the End REEDLAW Legal News Network  reports that the Ministry...
Aug 12 min read
Stamp Duty Not Payable on Auction Sale Certificate Merely Filed Under Section 89(4) of Registration Act, Holds Kerala High Court
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 Ker 07227 REEDLAW Legal News Network  reports that the...
Aug 13 min read
DRAT Upholds SARFAESI Action as Unregistered Documents like Agreement to Sell, Will, GPA Cannot Override Prior Registered Mortgage
REEDLAW Legal News Network | 31 July 2025 | Case Citation - REEDLAW 2025 DRAT Del 07225 REEDLAW Legal News Network  reports that the...
Jul 313 min read
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