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Understanding and Leveraging the Recent RBI Guidelines for Credit Card Billing Cycle Adjustments
In the realm of personal finance, few things are as crucial as managing credit card payments effectively. Late payments not only attract...
Mar 24, 20243 min read
Arvind Panagariya Urges Inclusion of Bank Privatisation in Modi 3.0 Agenda
Dr. Arvind Panagariya, Chairman of India's 16th Finance Commission and former Vice Chairman of NITI Aayog, expressed support for the...
Mar 23, 20242 min read
MSME Council does not have the power to adjudicate the challenges to the maintainability of a reference at the conciliation stage
The Single-judge bench of the Orissa High Court held that the MSME Facilitation Council does not have the power to adjudicate the...
Mar 23, 20242 min read
Third-Party Cannot Be Held Liable Under A Contract Unless They Are A Direct Party To It
The NCLAT Held that the third party cannot be held liable under a contract unless they are a direct party to it. The National Company Law...
Mar 23, 20243 min read
Bank is Entitled to Proceed under the SARFAESI Act for the Recovery of Loan, as the Liability of the Guarantor is Joint and Several with the Principal Debtor
The Supreme Court held that the bank is entitled to proceed under the SARFAESI Act for recovery of the loan, as the liability of the...
Mar 22, 20242 min read
MoU and Ledger Statements of the Corporate Debtor are Insufficient Proof to Accept the Claim as a Financial Debt
The National Company Law Appellate Tribunal (NCLAT), Principal Bench comprising Justice Ashok Bhushan (Chairperson) and Arun Baroka...
Mar 21, 20242 min read
Writ Petition before the High Court challenging a sale notice issued by a secured creditor under the SARFAESI Act is not maintainable
The Supreme Court bench comprising Justices Dipankar Datta and Manoj Mishra held that a writ petition challenging a sale notice issued by...
Mar 21, 20242 min read
Government Considering Amendments to SARFAESI and DRT Laws, Proposing Legal Validity for E-Notices
The Finance Ministry conducted thorough discussions with senior bank officials and Debts Recovery Tribunals (DRTs) to improve the...
Mar 20, 20242 min read
An arbitration clause in the contract prevents arbitration until alternative remedies are made by the government
Delhi High Court observed that an arbitration clause in the contract prevents arbitration until alternative remedies are made by the...
Mar 19, 20242 min read
The Auction Purchaser Cannot Prevent the Bank from Entering into a One Time Settlement as the Sale was not Confirmed
The Bench of Justice N. Nagesh of Kerala High Court observed that the right of redemption for borrowers ends upon the publication of the...
Mar 15, 20242 min read
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