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Winners Announced for Reserve Bank of India’s Financial Literacy Ideathon 2024
On August 5, 2024, the Reserve Bank of India (RBI) concluded its Financial Literacy Ideathon, a key event in its Financial Literacy Week...
Aug 7, 20241 min read


Supreme Court Asks RBI Whether Banks Should Notify Borrowers of Interest Rate Changes and Provide Annual Loan Statements
Supreme Court asked RBI whether banks should notify borrowers of interest rate changes and provide Annual Loan Statements. The Supreme...
Aug 7, 20242 min read


Following the NCLT's Admission of the Insolvency Application and Cancellation of Auction, the Bid Amount Should Be Refunded to the Successful Bidder
High Court held that following the NCLT's admission of the Insolvency Application and cancellation of the auction, the bid amount should...
Aug 6, 20242 min read


NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership firms
High Court ruled that the NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership...
Aug 5, 20243 min read


Civil Court's Jurisdiction Remains When the Debts Recovery Tribunal Cannot Effectively Address Remedy
High Court noted that the civil court's jurisdiction remains when the Debts Recovery Tribunal cannot effectively address remedy. The...
Aug 5, 20242 min read


Recovery Actions May Have Severe Consequences for Borrowers; High Court Can Use Article 227 Jurisdiction for Clear Failures by the DRT
High Court held that the Court Can Use Article 227 Jurisdiction for Clear Failures by the DRT. The Kerala High Court Single-Judge Bench...
Aug 3, 20242 min read


Supreme Court Issues Contempt Notice to Vishakhapatnam Bar Association for Hindering Debts Recovery Tribunal Proceedings
On July 26, 2024, the Supreme Court of India issued a contempt notice to the Vishakhapatnam Bar Association for its role in obstructing...
Aug 3, 20242 min read


Failure of a One Time Settlement (OTS) cannot reset the default date and does not preclude proceedings under Section 7 of the IBC
NCLAT held that failure of a One-Time Settlement (OTS) cannot reset the default date and does not preclude proceedings under Section 7 of...
Jul 29, 20242 min read


IBBI in association with NLUO and NeSL Organizing a Two-day Conference on Finance, Economics, Banking, and Insolvency Laws
The Insolvency and Bankruptcy Board of India (IBBI), in association with the National Law University, Odisha (NLUO) and National...
Jul 23, 20242 min read


Supreme Court: Dishonouring cheques is now a regulatory offence, and courts should encourage the compounding of offences under the NI Act
Supreme Court observed that dishonouring cheques is now a regulatory offence, and courts should encourage compounding of offences. The...
Jul 22, 20244 min read
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